lock-in period
Definition 1
Period during which a loan cannot be paid-off earlier than scheduled without incurring penalties. Its objective is to generate a certain minimum return on the sums advanced that covers the lender's lending and loan administration expenses.
Definition 2
Period for which a lender agrees to hold steady the agreed upon interest rate on the loan irrespective of the market rate. Also called lockup period.
lock-in period is in the Banking, Commerce & Finance subject.
lock-in period appears in the definition of the following term: lockup period
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