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Lock 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.Lock out Similar MatchesLocked 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. Lockup optionLockup optionOften used in risk arbitrage. Privilege offered a white knight (friendly acquirer) by a target company to buy crown jewels or additional equity. The aim is to discourage a hostile takeover. See: Shark repellent. Blocked fundsBlocked fundsCash flows generated by a foreign project that cannot be immediately repatriated to the parent firm because of capital flow restrictions imposed by the host government. Block listBlock listIn the context of general equities, listing of stock the investment bank is looking for (wants to buy) or (wants to sell) at the beginning of the day, whether on an agency or principal basis. Block tradeBlock tradeA large trading order, defined on the New York Stock Exchange as an order that consists of 10,000 shares of a given stock or at a total market value of $200,000 or more. Further SuggestionsStumbling blockDeadbolt lock Specialist block purchase and sale Block Blocked currency Goldilocks economy Lock in Building block Block trader Drop lock Locked market Rate lock Lock in Locked in Block house Lock up CDs block trade Block voting Goldilocks economy |
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