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rat-catcher
rat cheese
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rate lock
rate lock (plural rate locks)


noun 
Definition:
 
agreement to fix interest rate: an agreement between a mortgage broker and a loan applicant that fixes an interest rate for a particular period of time, usually sixty days
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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