Business / Loan / Rate Lock: Refers to the agreement between the borrower and the lender or broker that as long as the loan is closed within a certain period of time (for example, 30 or 60 days), the interest rate on the loan will be set (locked) at an agreed- upon rate. A 'rate lock' agreement must be in writing or it will be unenforceable.
Lock Verb Synonyms: tress, curl, ringlet
Lock Noun Synonyms: padlock, hasp, bolt, latch, bar, hook, clasp, catch
Rate Noun Synonyms: rank, grade, class, classify, evaluate, estimate, calculate, compute, count, reckon, judge, gauge, assess, appraise, measure
Rate Verb Synonyms: measure, pace, gait, speed, velocity, clip
Business / Finance / Overlay Strategy: A strategy of using futures for asset allocation by pension sponsors to avoid disrupting the activities of money managers. MORE
Business / Finance / Pac-Man Strategy: Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm. MORE