interest rate swap — An agreement under which two parties agree to exchange or swap a series of payments corresponding to each other s interest payment obligations. See also swap. + interest rate swap USA A type of over the counter derivative (OTC derivative) under… … Law dictionary
Interest rate swap — An interest rate swap is a derivative in which one party exchanges a stream of interest payments for another party s stream of cash flows. Interest rate swaps can be used by hedgers to manage their fixed or floating assets and liabilities. They… … Wikipedia
interest rate — The percentage of an amount of money which is paid for its use for a specified time. Commonly expressed as an annual percentage rate (APR). Federal and state laws regulate interest rate amounts and disclosures on consumer loans. See annual… … Black's law dictionary
interest rate — The percentage of an amount of money which is paid for its use for a specified time. Commonly expressed as an annual percentage rate (APR). Federal and state laws regulate interest rate amounts and disclosures on consumer loans. See annual… … Black's law dictionary
Interest Rate Future — A futures contract with an underlying instrument that pays interest. An interest rate future is a contract between the buyer and seller agreeing to the future delivery of any interest bearing asset. The interest rate future allows the buyer and… … Investment dictionary
Locked-In Interest Rate — Referring to a loan where the borrower and lender agree on a constant rate for a specified period. The lending institution promises to charge this locked in rate as a legal commitment. Sometimes there are certain qualifications or exceptions… … Investment dictionary
Lock Period — A number of days, often 30 or 60, during which the interest rate promised on a pending mortgage loan cannot be changed. Because mortgage interest rates can fluctuate while you are shopping for a home, borrowers who are waiting to close on a home… … Investment dictionary
lock in — verb 1. close with or as if with a tight seal (Freq. 1) This vacuum pack locks in the flavor! • Syn: ↑seal in • Hypernyms: ↑confine • Verb Frames: Somebody s something … Useful english dictionary
lock into — /ˌlɒk ɪntə/, lock in /ˌlɒk ɪn/ verb to be fixed to a certain interest rate or exchange rate ● By buying francs forward the company is in effect locking itself into a pound franc exchange rate of 10.06. ♦ to lock in profits to take profits, to… … Dictionary of banking and finance
Rate lock — An agreement between the mortgage banker and the loan applicant guaranteeing a specified interest rate for a designated period, usually 60 days. The New York Times Financial Glossary … Financial and business terms
rate lock — An agreement between the mortgage banker and the loan applicant guaranteeing a specified interest rate for a designated period, usually 60 days. Bloomberg Financial Dictionary … Financial and business terms