Lock period
Definition
The number of days for which any lock or float-down holds. Ordinarily, the longer the period, the higher the price to the borrower.
Related Terms Other terms related to 'Lock period' starting with the letter 'L' Lease to own purchase, Late fees, Loan discount fee, Late payment, Lock commitment letter Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 