(还款、利息等)锁定期

名词

full

lock in period

noun

Definitions of lock in period

the time period during which a borrower may not start repaying a loan without paying penalties

Make sure you have time to send in your cancellation form to your current bank and avoid prepayment penalties should you refinance before the lock-in period is over.

the time period for which a lender has agreed with the borrower to hold a certain interest rate unchanged

Lenders that charge rate lock fees generally charge higher fees for longer lock-in periods.