A borrower and a lender sign a contract which states that the borrower will not have to pay more than a specified maximuminterestrate on borrowed funds.
贷款人与借款人之间签订的合约，合约规定借款人不会被要求支付高于约定最高利息率的利息。
2
The first is China's overly managed interestrate policy: Banks are only allowed to offer its customers a maximum 3.5% interestrate on one-year deposits.
首要的问题是中国利率政策过于死板：银行一年期存款的年储蓄利率不能超过3.5%。
3
Based on the model, we can calculate the maximum insurance interest accurately and treat it as the basis of calculating rate.