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Lock inAllows the borrower to be assured a given rate of interest for a mortgage. This usually involves paying a fee to the lender. Mortgage rates not "locked in" are subject to changing market conditions.Lock inTo ensure that an individual transacts all his or her business with a sole broker by providing superior services, such as accommodating block buy and sell needs or preparing excellent research (soft-dollar lock). This usually guarantees a certain volume of business.Lock in Similar MatchesRate lockRate lockAn agreement between the mortgage banker and the loan applicant guaranteeing a specified interest rate for a designated period, usually 60 days. Lock outLock outWith PAC bond CMO classes, the period before the PAC sinking fund becomes effective. With multifamily loans, the period of time during which prepayment is prohibited. BlockBlockLarge quantity of stock or large dollar amount of bonds held or traded. As a rule of thumb, 10,000 shares or more of stock and $200,000 or more worth of bonds would be described as a block. Locked inLocked inInvestors are said to be 'locked in' when a security they own is trading at a higher price than they paid for, but they choose not to sell in order to avoid having their profit become subject to the capital gains tax.The term also refers to the situation in which a shareholder is legally obliged not to sell shares for a given period. The most common instance of this is with initial public offerings (IPOs) where investors are comforted if they know that directors and founding shareholders are locked in for at least 6 or 12 months after flotation. Block houseBlock houseBrokerage firms that help to find potential buyers or sellers of large block trades. Further SuggestionsGoldilocks economyStumbling block Block trade block trade Block voting Deadbolt lock Blocked funds Specialist block purchase and sale Locked in Block list Lockup option Block trader Blocked currency Goldilocks economy Drop lock Lock up CDs Building block Locked market |
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