droplock

droplock

(ˈdrɒpˌlɒk)
n
(Banking & Finance) finance a variable-rate bank loan used on international markets that is automatically replaced by a fixed-rate long-term bond if the long-term interest rates fall to a specified level; it thus combines the advantages of a bank loan with those of a bond
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During his 1969 safari in Tanzania, Elmer Keith's preferred elephant rifle was this Westley Richards droplock in .
Keith referred to this Westley Richards droplock chambered for the stout .
At this point in the interest rate cycle, it makes sense to take the droplock option: start on a tracker or discounted rate, with the guarantee you can switch to any new fix the lender is offering without facing an early repayment charge or even go to another lender, without incurring costly transfer charges.
At this point in the interest rate cycle', says Boulger, 'it makes sense to take the droplock option: start on a tracker or discounted rate, with the guarantee you can switch to any new fix the lender is offering without facing an early repayment charge or even go to another lender, without incurring costly transfer charges.
The company has introduced several new rehabilitation products, most recently its Defiance(R) DropLock, with other new products scheduled for release over the next few quarters.
charge "Both Nationwide and Scottish Widows have trackers with this so-called droplock option, which lets you switch into a fix at any time with no charge.
But borrowers, he says, should get trackers with a droplock option - the option to lock into a fix at any time - and with no early repayment charges.
This deal has no redemption penalties at any time and features a droplock option, which gives borrowers the right to switch to any of the lender's fixed rates at any time during the first two years.
NYSE:DJO), a designer, manufacturer and marketer of products and services for the orthopedic sports medicine market, today introduced the Defiance(R) DropLock, a custom-made rigid brace designed to aid in the treatment of quadricep muscle disorders, such as Post-Polio Syndrome, and for use in ACL rehabilitation protocols.
The new DropLock joins dj Orthopedics' flagship Defiance brace, which carries an exclusive "Knee Guarantee" feature along with the Adjustable OA Defiance brace, which has been granted the "Ease of Use Commendation" by the Arthritis Foundation for its quick and effortless load adjustments.
As the newest addition to the Defiance platform, the DropLock features a unique combination hinge, which locks the brace at 10 degrees short of full extension providing for assisted gait or, at the turn of a switch, provides a free range of motion.
At this point in the interest rate cycle', says Mr Boulger, 'it makes sense to take the droplock option: start on a tracker or discounted rate, with the guarantee you can switch to any new fix the lender is offering without facing an early repayment charge or even go to another lender, without incurring costly transfer charges.