Meaning RATE LOCK: An agreement between the mortgage banker and the loan applicant guaranteeing a specified interest rate for a designated period, usually 60 days
More terms such as Rate lock in Dictionary R.
- Definition Rider:
- Examples A form accompanying an insurance policy that alters the policy's terms or coverage rate lock definition.
- Definition Rich:
- Examples Term for a security whose price seems too high in light of its price history rate lock explain.
- Definition Rights-On:
- Examples Shares trading with rights attached to them rate lock what is.
- Definition Rediscount:
- Examples To discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank rate lock meaning.
- Definition Regressive Tax:
- Examples A tax system that provides that average tax rates decrease with increases in individuals' income brackets rate lock abbreviation.
