Loan Lock — The securing of a specified interest rate on a mortgage that is in the process of being approved. A loan lock establishes the interest rate that a borrower will pay as long as the loan closes before the end of the lock period. Lock periods… … Investment dictionary
lock-in — /lok in /, n. 1. an act or instance of becoming unalterable, unmovable, or rigid. 2. commitment, binding, or restriction. [1965 70; n. use of v. phrase lock in] * * * lockˈ in noun (informal) A period of drinking in a pub after it has officially… … Useful english dictionary
loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you … Financial and business terms
Lock Period — A number of days, often 30 or 60, during which the interest rate promised on a pending mortgage loan cannot be changed. Because mortgage interest rates can fluctuate while you are shopping for a home, borrowers who are waiting to close on a home… … Investment dictionary
loan shark — usurer, moneylender, shy lock (inf.). See borrowing … English dictionary for students
E-Loan — Infobox Company company name = E LOAN, Inc. company company slogan = Radically Simple company type = Public foundation = 1997 founder = Janina Pawlowski and Chris Larsen location = Pleasanton, California key people = Mark Lefanowicz, President… … Wikipedia
Tony Lock (footballer) — Anthony Lock (born 3 September 1976 in Harlow) is an English football forward currently without a club.Clubs*1995 2001 : flagicon|England Colchester United::1996 : flagicon|England Chelmsford City ( loan )::1999 : flagicon|England Kettering Town… … Wikipedia
drop lock — noun : the spot on the locking surface of a timepiece pallet upon which the escape tooth first makes contact after drop * * * drop lock or dropˈlock loan noun (finance) A bank loan for which interest rates vary with the market, but if the long… … Useful english dictionary
droplock loan — drop lock or dropˈlock loan noun (finance) A bank loan for which interest rates vary with the market, but if the long term interest rates fall to a specified level it is converted to a fixed rate long term bond • • • Main Entry: ↑drop … Useful english dictionary
Drop lock — An arrangement whereby the interest rate on a floating rate note or preferred stock becomes fixed if it falls to a specified level. The New York Times Financial Glossary * * * drop lock UK US noun [C] FINANCE ► an arrangement in which a loan with … Financial and business terms
drop lock — The fixing of the interest rate on a floating rate note or preferred stock if it falls to a specified level. Bloomberg Financial Dictionary * * * drop lock UK US noun [C] FINANCE ► an arrangement in which a loan with a changing interest rate will … Financial and business terms