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"hard cap" is correct and usable in written English.
It is usually used in business or business-related contexts to refer to a limit which cannot be exceeded. For example: "We need to set a hard cap on our budget so that we don't go over our allocated funds."
Exact(57)
Romney was insisting on a hard cap.
"That's why we would have preferred a hard cap".
The workers cut faster using the Hard Cap.
Ms. Lofgren is opposed to any hard cap on immigration.
Setting a hard cap would force Congress to choose priorities.
Naturally, the players are vehemently opposed to a hard cap.
Perhaps the owners will not get the hard cap or the lower salaries they desire.
Krupp told Graham that the crucial feature of the policy was the hard cap on emissions.
"And the players have made it clear that there's going to be no hard cap deal.
Similar(2)
But generosity would be irrelevant in a hard-cap system.
The hard-cap debate is, of course, where the lockout began, 359 days ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com