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What does CAP stand for?

CAP stands for Central Answering Positions

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Up to 2 Central Answering Positions (CAP) can be added to an M7324 providing 48 or 96 additional programmable buttons. Also known as Key Lamp Module (KLM).
Buy the Nortel NT8B41F Central Answering Position (CAP) For M7324, as well as other Norstar Digital Phones from TWAcomm.com, your internet superstore!
Nortel Networks Meridian Norstar User Guides for the Central Answering Position (CAP) Manual and Guide