"have no cap" is a grammatically correct phrase and can be used in written English.
It means to not have a limit or restriction on something. Example: The company's profits have no cap, as they continue to grow every year.
Hospitals have no cap on private beds.
These wines "will have no cap on prices," he said.
The Cavaliers will have no cap room to add a second star, having used it on Varejao, Jamison, Anthony Parker and Jamario Moon in a win-now gamble.
If the Mavericks lack young players to trade and have no cap room, the Nets remain avidly in the race for Howard.
Members of the Cook County College Teachers Union who were hired before July 15 , 2000 can still cash out 80 percent of their unused sick days upon leaving City Colleges if they meet certain age and service requirements, and they have no cap on the number of days they can collect.
One buyer, for example, may offer a higher purchase price, but require that part of the sale proceeds be put into escrow to cover any claims it may have post-closing and/or require that the seller have no "cap" on liability post-closing (see #3 below); another buyer may offer a lower purchase price, but not require an escrow and only require a 10% cap.
But this prospect hasn't prevented the company – along with the rest of the industry – from whingeing about its obligations under the EU ETS and demanding special treatment from the European commission by warning of "carbon leakage", that they claim would force factories to relocate to regions which have no cap-and-trade scheme.
Unregulated power-generation assets, including many wind farms, have no caps on their profits.
Verizon and Cablevision, locked in competition between fiber-to-the-home and relatively cheap super-fast cable broadband in the Northeast have no caps.
And unlike their Republican and Democratic counterparts, they often have no caps on the funds they can raise and limited requirement to identify exactly where the cash comes from.
That auction included the Rangers, who had no cap space.
