1. A prohibition, usually, but not always, for a specified period of time. For example, a prohibition against prepayment of a loan. 2. The period of time before a REMIC investor will begin receiving principal payments.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). lockout. Retrieved September 21, 2026, from http://smartdefine.org/lockout/definitions/1157494 |
| Chicago | Barry Goldsmith. 2010. "lockout" http://smartdefine.org/lockout/definitions/1157494 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, lockout, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/lockout/definitions/1157494>. |
| MLA | Barry Goldsmith. "lockout" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/lockout/definitions/1157494> |