Rate Lock

Rate Lock
Understanding between borrower and mortgage lender outlining a predetermined interest rate guaranteed to remain fixed for a specific period, typically two months.

Random Finance Terms for the Letter S

  • Range Forward
  • RAR
  • Ratable Accrual Method
  • Rate Anticipation Swaps
  • Rate Lock
  • Rate of Change
  • Rate of Interest
  • Rate of Return Ratios
  • Rate of Return Regulation
  • Rate Risk