locked-in rate
[/lɒkt ɪn reɪt/]
nounpl: locked-in rates
taxa fixa garantida
1. An interest rate that is fixed and guaranteed for a specific period, typically agreed upon in advance and cannot be changed despite market fluctuations
The bank offered us a locked-in rate of 3.5% for the next five years on our mortgage.
O banco nos ofereceu uma taxa fixa garantida de 3,5% pelos próximos cinco anos em nossa hipoteca.
2. In financial markets, a rate that a borrower or investor has secured and will not change regardless of market conditions
With a locked-in rate, you are protected from rising interest rates.
Com uma taxa fixa garantida, você está protegido contra aumentos nas taxas de juros.
3. In retirement planning, a specific rate of return that has been committed to by an insurance company or financial institution
The insurance company locked in a rate of 4% for her annuity payments.
A companhia de seguros fixou uma taxa de 4% para seus pagamentos de anuidade.
This term is crucial in both American and Brazilian financial culture, particularly during volatile economic periods. Americans frequently lock in rates for mortgages and refinancing to protect against inflation. In Brazil, with historically higher inflation rates, locking in rates is a protective strategy for both lenders and borrowers. The concept reflects financial prudence and risk management in both cultures.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →