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droplock security

A floating-rate security which becomes fixed income if the rate to which it is pegged reaches a specified level.

Related information about droplock security:
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    Definition of droplock security: A floating-rate security which becomes fixed income if the rate to which it is pegged reaches a specified level.
     
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    dry bulk commodity. droplock security · dry closing. Definition. Commodities, such as grains, metals, and energy materials that are transported in their raw form.
     
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