closed period

Definitions (2)

1. The period of time between a callable bond's issuance and when it is eligible to be called by the issuing company.
2. A period of time in which a commercial mortgage cannot be prepaid. The closed period prevents holders of a commercial mortgage from paying off the mortgage and refinancing before a certain date.

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
closed out prepayment penalty