Definitions for "Lock Period"
Keywords:  guarantee, days, span, lender, period
The lock period is the amount of time that a lender will guarantee a loan's interest rate, usually 30, 45 or 60 days.
The length of time that a lender will guarantee the interest rate offered in a loan.
The amount of time that a lender will guarantee a loan's interest rate. Once you've locked in the interest rate on a loan, the lender will guarantee that rate for a certain period of time, usually for 30, 45 or 60 days.
Keywords:  margin