The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LOCK-IN PERIOD Definition & Legal Meaning

Definition & Citations:

1. To generate a certain minimum return on the monies loaned, to cover the lender’s marketing and loan administration expenses, this is a period when loan full-payoff is not allowed without penalties, per the loan agreement. 2. Period a lender holds interest rate steady as agreed-to regardless of the market rate. Also known as lockup period.


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