Lock Option definition

Lock Option. By selecting to lock your interest rate at (lock interest rate)%, you have committed to the rate and fee combination and lock period specified in the Statement of Terms section of this document. If any information in the Loan Information and/or Statement of Terms sections(s) changes, your interest rate and point combination may be subject to change. If your mortgage loan does not fund by the lock expiration date, your rate will be subject to the higher of the market rate or locked rate.
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Examples of Lock Option in a sentence

  • Before changing Lock Option to Permanent or Temporary, the device must be unlocked.

  • The HART master can also change Lock Option to Temporary.TemporaryOnly the current HART master can make changes to the device.

  • If the amount you are approved to borrow increases or decreases between locking in the rate and settlement, your Rate Lock Option Fee will be recalculated using the fee as set out in the Fees & Charges document on the new loan amount.

  • The Rate Lock Option will expire at the end of the Approved Period.

  • They argued that the demand for credits should therefore be made as wide as possible to prop up the mechanism rather than being restricted.

  • Rate Lock Option: The rate is locked until January 3, 2020 at no additional cost.

  • The amount of the fee will be set out in the Fixed Rate Lock Option Agreement.Investigation feeWhen you ask us to investigate something about your home loan that does not relate to the usual day to day operation of your home loan.$60 per hour.

  • Should the loan be cancelled or declined, the Rate Lock Option Fee is no longer payable.

  • The Rate Lock Option is not available on fixed interest rate personal loans.

  • By signing the Rate LockDeclaration and paying the fee, as set out in our Fees & Charges document (‘Rate Lock Option Fee’), you will have agreed to the Rate Lock Option and this clause 19 will apply.

Related to Lock Option

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • SAR means a stock appreciation right granted under the Plan.

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Option means a stock option granted pursuant to the Plan.

  • NQSO means any Option that is not an ISO.

  • NSO means a stock option not described in sections 422 or 423 of the Code.

  • Employee Option means an Option granted pursuant to Section 5.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.