Meaning DROP LOCK: The fixing of the interest rate on a floating-rate note or preferred stock if it falls to a specified level
More terms such as Drop lock in Dictionary D.
- Definition Double-Tax Agreement:
- Examples Agreement between two countries that taxes paid abroad can be offset against domestic taxes levied on foreign dividends drop lock definition.
- Definition Dating:
- Examples Credit extension beyond normal terms of a credit supplier drop lock explain.
- Definition Defined Asset Fund:
- Examples A unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE drop lock what is.
- Definition Direct Participation Program:
- Examples An investment program enabling investors to directly participate in the cash_flow and tax benefits of the partnership invested in by the investor, typically a form of passive investment drop lock meaning.
- Definition Distribution Plan:
- Examples A mutual fund's plan to charge distribution costs such as advertising to the investors of the fund drop lock abbreviation.
