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 Draft:
- Examples order in writing-signed by a person, usually the exporter, and addressed to the importer-ordering the importer or the importer's agent to pay, on demand (sight draft) or at a fixed future date drop lock definition.
- Definition Drop:
- Examples Refers to over-the-counter trading. Remove from O.T.C. trading list; hence, no longer making a market in a security drop lock explain.
- Definition Days' Sales Outstanding:
- Examples Average collection period drop lock what is.
- Definition Depreciated Cost:
- Examples economics: The measure of cost of capital consumption during production, e.g., machine and equipment wear.In terms of finance: The process of amortization of fixed assets (equipment) to spread the drop lock meaning.
- Definition Due-On-Sale Clause:
- Examples A mortgage contract clause stipulating that the borrower to pay off the full remaining principal on a mortgage if the mortgaged property is sold before the mortgage is paid off drop lock abbreviation.
