drop-locks

A form of drop-lock — Having a floating interest rate until a certain market rate is reached, at which point the interest rate becomes fixed.

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Meanings

noun
  1. pluralplural of drop-lock
Cite this entry
APA

drop-locks. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/drop-locks

MLA

“drop-locks.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/drop-locks. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “drop-locks,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/drop-locks.

Source: drop-locks on Wiktionary, CC BY-SA 4.0.