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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
This article addresses these limitations by proposing an improved conceptualization for analyzing product strategies that relies on three intuitively straightforward (and admittedly overlapping) meta-categories based on their impact on consumer choice: Lock-Outs, Lock-Ins, and Hold-Ups.
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
'It's getting to the stage that if something isn't done soon we will have to introduce peak-time lock-outs to allow passenger and train congestion to subside,' he said.
The second part of the book provides fifteen separate case studies of nineteen strikes beginning with the 1889 Brisbane bootmakers' strike and ending with the Mt.Isa lock-outs of 1961 and 1964.
Built-in AutoQC [R] module holds up to 40 days of QC material & automatically provides programmable QC regimens, lock-outs, & lot-to-lot comparisons.
They have attacking flair enough to thoroughly examine United's new defensive barrier erected round Bassong, whose introduction in his natural position has coincided with the three-game run of lock-outs.
The introductory rate for membership is $12.50 a year and covers up to $150 per roadside incident or breakdown, including flat tires, no gas, lock-outs, jumpstarts and ramp winching as well as on-the-water tows, jump-starts and fuel delivery.
But soccer fever is gripping Cardiff, with expected 21,500 lock-outs against Reading and Bristol City later this month.
After the lock-outs of Friday and Saturday, sadly there weren't quite so many there yesterday to finish the job.
Lock-outs were common on modern cars, particularly as many drivers don't understand how to switch immobiliser and alarms off.
Strikes and lock-outs are indicative of labour-management relations.