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

  • 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.$60 per hour.

  • Crew Seat Belt/Harness Replacement With Manual Lock Option (369D/E/FF − 500N) (Ref.

  • These attributes are: Series Option Drawer Pull Option Case Height Option Case Depth OptionLock Option 1 Support Option Drawer Option Paint Color OptionFiling Accessories Option Lock Option 2 IntroVia the use of radio buttons the user can select the desired value for each option.

  • Sale Price: $350,000 Loan Amount: $280,000 Interest Rate on 04/17/2003: 4.125% Type/Term of Loan: Conventional/360 months Lock Option: Floating .

  • The three options discussed were Option 1: Bridge Crane within Lock, Option 2: KMI transporters on roadway East of Lock, and Option 3: Bridge Crane over the Dam adjacent to lock.

  • Lock Option CN metallic champagne A+$0 KA keyed alike+$0MS metallic silver A+$0 KC keyed differently, chrome+$0SNA satin aluminum A+$10 KD keyed differently, black+$0SNB satin bronze A+$10 SNC satin carbon A+$10 Tu® Wood Storage Product Information Specification Information Description Step 1.

  • When they filled out the loan application, Plaintiffs signed a document entitled “Rate Lock Option Agreement,” which offers a borrower the option of locking the available interest rate in return for a deposit.

  • Sale Price:$265,000Loan Amount:$212,000Interest Rate on 04/22/20034.210% Your maximum rate of 4.335% expires on 06/21/2003 Type/Term of Loan: Conventional/360 months Lock Option: Rate Protection .

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 by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • 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 an option to purchase shares of Common Stock.

  • 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 granted under any Parent Stock Plan.

  • 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.