Meaning of drop-lock | Babel Free
Definitions
Having a floating interest rate until a certain market rate is reached, at which point the interest rate becomes fixed.
not-comparable
Examples
“a drop-lock bond”
“a drop-lock stock”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.