The risk that an investment cannot be bought or sold quickly enough to prevent or minimize a loss due to a lack of marketability.

The reduction in a property’s value due to external circumstances (outside of the property’s boundaries), which may be caused by economic or locational factors; general ...

With respect to debt:  the period during which a loan may not be prepaid; With respect to a fund:  the period of time during which an investor in an open-end fund is not ...

The period of time during which an investor in an open-end fund is not permitted to redeem or sell its equity interest; also known as “lock-out period”.