Float-Down
Float-Down
A rate lock, plus an option to reduce the rate if market interest rates decline during the lock period.
See Locking the Loan/Lock Versus Float-Down.
| 单词 | float-down |
| 释义 | Float-DownFloat-DownA rate lock, plus an option to reduce the rate if market interest rates decline during the lock period. See Locking the Loan/Lock Versus Float-Down. |
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