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What is meaning of in accounts such as

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(Querist)
25 October 2024 Lock in period,
Term period,
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 October 2024 The lock-in period refers to the timeframe during which investors cannot access their funds. This restriction is designed to encourage long-term investment strategies and prevent impulsive decisions based on short-term market fluctuations
The term period means 'A fixed time for investment or payment' during which it is being locked. Any operation against the contracted term would be liable for penalty.
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