Hello, you have come here looking for the meaning of the word
drop-lock. In DICTIOUS you will not only get to know all the dictionary meanings for the word
drop-lock, but we will also tell you about its etymology, its characteristics and you will know how to say
drop-lock in singular and plural. Everything you need to know about the word
drop-lock you have here. The definition of the word
drop-lock will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
drop-lock, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Adjective
drop-lock (not comparable)
- (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
- a drop-lock stock