Business and Personal Finance Dictionary

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• LOCK-OUT - With PAC bond CMO classes, the period before the PAC sinking fund becomes effective. With mu...
  
  
• LOCK-UP AGREEMENT - Agreement between an underwriter and certain stockholders of a company requiring th...
  
  
• LOCK-UP CDS - CDs that are issued with the tacit understanding that the buyer will not trade the certif...
  
  
• LOCKABLE - You can "lock in" the current interest rate for a set length of time, usually 30, 45 or 60 d...
  
  
• LOCKBOX - 1. A cash management arrangement designed to reduce delays in depositing funds into the payee...
  
  
• LOCKED IN - When an investor is unable to take advantage of preferential tax treatment because of time ...
  
  
• LOCKED LIMIT - A market that, if not restricted, would seek price equilibrium outside the limit but, in...
  
  
• LOCKED MARKET - A market where the bid (q.v.) equals the ask (q.v., also known as asked, offer, offered...
  
  
• LOCKIN CLAUSE - Clause in a loan agreement that states that the borrower cannot repay a loan prior to a...
  
  
• LOCKOUT - 1. A prohibition, usually, but not always, for a specified period of time. For example, a pro...