"Locked in" is a phrase that describes a situation where the investor can’t exit a position because of the regulations, taxes or penalties associated with the exiting process.
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Interest rate floor is a previously agreed rate in the lower range of rates associated with a floating rate loan product.
Fixed income is a type of investment that pays investors fixed interest payments until its maturity date arrives and when the date comes, investors are paid the principal amount they initially invested.
Living wage refers to a wage level which allows one afford adequate shelter, food and the other necessities for living.
Lock limit is a specific price movement set by trading exchanges that if breached can result in a trading halt of the instrument beyond the lock limit price.
Price risk is the risk of a decline in the value of an assets.
Previous close is asset’s previous closing price. It almost always refers to the final price of a security a day before the current one.
Repatriation is the act of converting any foreign currency into a local currency.
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