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.
References in periodicals archive ?
BARCLAYS has launched a new range of fixed-rate mortgages, all under 7 per cent and with no lock-in clauses.