locked rate

[lɒkt reɪt]
nounpl: locked rates
taxa fixa garantida
1. An interest rate or exchange rate that is fixed and guaranteed for a specific period, preventing fluctuations
The bank offered a locked rate of 3.5% for the mortgage, ensuring stable monthly payments.
O banco ofereceu uma taxa fixa garantida de 3,5% para a hipoteca, garantindo pagamentos mensais estáveis.
2. In finance and insurance, a rate that has been secured and cannot be changed regardless of market conditions
She secured a locked rate on her home refinance before interest rates increased.
Ela garantiu uma taxa fixa na refinanciação da casa antes do aumento das taxas de juros.
3. A predetermined exchange rate for currency conversion that remains constant during a transaction period
The company negotiated a locked rate for their international transactions for six months.
A empresa negociou uma taxa de câmbio fixa para suas transações internacionais por seis meses.
Locked rates are fundamental concepts in North American banking and mortgage industries, where consumers commonly negotiate fixed rates to protect themselves from future interest rate increases. In Brazil, this concept is increasingly important as borrowers seek financial stability in volatile economic conditions. The practice reflects different economic strategies between developed and emerging markets.
Synonyms / Sinônimos
fixed rateguaranteed ratelocked-in ratestatic ratepredetermined rate
Antonyms / Antônimos
floating ratevariable rateadjustable ratefluctuating rate

Regional Variations

General Brazilian
taxa fixa garantida
Standard term used in banking and financial contexts
São Paulo
taxa travada
Common colloquial usage in financial sectors
Rio de Janeiro
taxa fixada
Alternative regional variant
Portugal
taxa fixa garantida / taxa bloqueada
Formal banking terminology

Related Words

interest ratemortgagerefinanceAPR (Annual Percentage Rate)exchange raterate lockfinancial instrumentcredit agreement

Related Idioms & Phrases

lock in a rate
secure a locked rate
rate lock agreement
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