price lock
Fixed cost promise
A price lock is a guarantee that a price will remain fixed for a specified period, protecting buyers from increases.
Businesses offer price locks on contracts, subscriptions, or quoted services: The carrier promised a two-year price lock on my plan.
To price-lock something is to secure it at the current rate.
- fixed rateUnchanging interest percentage
- guaranteedPromised with certainty
- contractEnforceable written agreement
- freezeBecome solid from cold
- commitmentFirm pledge to act
mortgage · subscription · stability · secure · peace of mind · binding · agreement · term · renewal · inflation protection · unchanging · deal · money saver · hold · steady · ceiling · promise · safeguard
- Lock-ins
- funeral planningfuneral home, funeral service, funeral director, prepaid funeral, casket
- Season Ticketsholder, renewal, waitlist, reserved seating, box seats
- hedginghedging, hedge, hedges, hedge bet, qualifier
price lockdynamic pricing
Rates that fluctuate automatically
surge pricing · adjustable rate · variable rate · price volatility · adjustable rates
price lockpromotional pricing
Temporary cost reductions for marketing
introductory rate · teaser rate · price matching · competitive pricing
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