 LOCK | Information about an agreement between parties to honor a given price for a specified period of time. In some contexts, this is commonly known as a Rate Lock, as the interest rate is one of the key attributes of the price quote that is being locked.Information about an agreement between parties to honor a given price for a specified period of time. In some contexts, this is commonly known as a Rate Lock, as the interest rate is one of the key attributes of the price quote that is being locked. |