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Lock out

• 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.

 
 Embedded terms in definition
 Bond
Cmo
Multifamily loans
Pac
Prepayment
Sinking fund
Time
 
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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Defeat is not the worst of failures. Not to have tried is the true failure. - George E. Woodberry

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