Word forms: rate-caps
1. verb [usu passive] In Britain, when a local council was rate-capped, the government prevented it from increasing local taxes called rates, in order to force the council to reduce its spending or make it more efficient. [be V-ed] ⇒ Notts County Council is to cut 200 jobs in a bid to escape being rate-capped. rate-capping
uncountable noun ⇒ The project is seriously threatened by rate-capping.
COBUILD Advanced English Dictionary. Copyright © Harper Collins Publishers