English Dictionary

drop-lock

形容詞

比較不可

(finance) Having a floating interest rate until a certain market rate is reached, at which point the interest rate becomes fixed.

日本語の意味

金融用語としての「drop-lock」とは、市場金利が一定の水準に達するまで変動金利とし、その水準に達した時点で固定金利に切り替わる仕組みを指す。

They refinanced into a drop-lock mortgage that remained variable until market rates hit the trigger, after which the rate was locked in.

彼らは、市場金利が一定の水準に達するまでは変動金利で、その時点で固定金利になる変動から固定に切り替わる住宅ローンに借り換えた。

意味（1）

(finance) Having a floating interest rate until a certain market rate is reached, at which point the interest rate becomes fixed.

a drop-lock bond