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With PAC bond CMO classes, the period before the PAC sinking fund becomes effective. With multifamily loans, the period of time during which prepayment is prohibited.


The act of an employer not permitting its employees to work. That is, an employer may close down its place of business (such as a factory) so that employees cannot work and thereby earn a living. Lock-outs are useful in situations such as when a union only represents a portion of a company's workforce. If the employer believes the union is making unreasonable demands, it can declare a lock-out to encourage non-union workers to put pressure on the union workers to give up on those demands. Because this has the effect of punishing all workers, lock-outs are usually illegal.


References in periodicals archive ?
the lock-out agreement was designed to protect the buyer from incurring substantial costs and losing the property at the last minute because the seller had decided to sell the property to someone else
Back are one-nil lock-outs and back are opponents who can't cope with 4-5-1 even if they use it themselves.
The process is fraught with complications and potential walk-outs and lock-outs.
efforts by labor unions to organize our employees may increase operating expenses and we may be unable to negotiate acceptable collective bargaining agreements with those who have chosen to be represented by unions, which could lead to labor disruptions, including strikes and lock-outs, which could adversely affect our results of operations and cash flows;
Built-in AutoQC[R] modulo holds up to 40 days of QC material & automatically provides programmable QC regimens, lock-outs, & lot-to-lot comparisons.
The company's technology protects against both external and internal threats by immediately identifying suspicious or unauthorized behavior based on continuous comparisons to baselines of normal activity, and generating policy-based actions such as alerts, account lock-outs and blocking.
The built-in AutoQC[R] module holds up to 40 days worth of QC material and automatically provides programmable QC regimens, lock-outs and lot-to-lot comparisons.