Definition of lock-in period


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TeachMeFinance.com - explain lock-in period



lock-in period -- the portion of the term of a mortgage loan during which the loan cannot be paid off earlier than scheduled.




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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