bindningstid

English translation: (loan) lock-in period; (land-buy) lockout period

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:bindningstid
English translation:(loan) lock-in period; (land-buy) lockout period
Entered by: David Rumsey

22:10 May 2, 2007
Swedish to English translations [PRO]
Bus/Financial - Real Estate
Swedish term or phrase: bindningstid
Antal år för lånetypen får inte vara mindre än lånets bindningstid.
David Rumsey
Canada
Local time: 23:08
(loan) lock-in period; (land-buy) lockout period
Explanation:
The single entry of 'during period' in Gullberg's SV/EN Fackordbok is a complete mystery out of context.

In the UK, a lockout clause e.g. in a contract of sale of land - of other prospective buyers - also serves to 'lock in' the seller to one buyer.




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Note added at 9 hrs (2007-05-03 07:55:10 GMT)
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That's 'curing' period in Gull berg.
Selected response from:

Adrian MM. (X)
Local time: 08:08
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4(loan) lock-in period; (land-buy) lockout period
Adrian MM. (X)


  

Answers


9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
(loan) lock-in period; (land-buy) lockout period


Explanation:
The single entry of 'during period' in Gullberg's SV/EN Fackordbok is a complete mystery out of context.

In the UK, a lockout clause e.g. in a contract of sale of land - of other prospective buyers - also serves to 'lock in' the seller to one buyer.




--------------------------------------------------
Note added at 9 hrs (2007-05-03 07:55:10 GMT)
--------------------------------------------------

That's 'curing' period in Gull berg.

Example sentence(s):
  • If you don't settle within the lock-in period, will the lender refund some or all of your application or lock-in fees if you decide to cancel the loan ...

    Reference: http://mortgage-x.com/brochure/lock-ins.htm
Adrian MM. (X)
Local time: 08:08
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 67
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