lock-in clause
lock-in clause
A clause in a promissory note that prohibits prepayment.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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BARCLAYS has launched a new range of fixed-rate mortgages, all under 7 per cent and with no lock-in clauses.
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