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cerrado con llave en precio OR bloqeuado en la tasa

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Q: How do you say locked in rate in spanish?
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safe: seguro Unless, of course, you meant the noun, as in a locked box to store valuables, which is 'caja fuerte.'

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The advantage is that if the rates go down you are not locked into a high rate for a long term. The disadvantage is that if the rates go up you are not locked into the lower rate for a long term.

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