Hello,
The lock-in period refers to a specific duration during which certain restrictions or limitations are imposed on a particular agreement or investment. It is a predetermined period during which an individual or entity is bound by the terms and conditions of the agreement and cannot terminate or modify it without incurring penalties or consequences. The lock-in period is commonly seen in various financial products like fixed deposits, insurance policies, mutual funds, and real estate investments. It serves to ensure stability, prevent premature withdrawals, or protect the interests of all parties involved. Once the lock-in period expires, the associated restrictions are lifted, allowing for more flexibility and options.
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What is meant by the lock-in period?
Pawan
122 Views
1
2 Year
2023-06-12T09:10:48+00:00 2023-06-13T09:07:22+00:00Comment
Share