die Bindungsfrist
Translation
commitment period, binding period, lock-in period
Examples
Die Bindungsfrist für den Vertrag beträgt zwei Jahre.
The commitment period for the contract is two years.
Vor Ablauf der Bindungsfrist kann man nicht kündigen.
You cannot cancel before the commitment period expires.
Grammar Patterns
the commitment period ((for sth.)) für+4 the commitment period for sth. Die Bindungsfrist für das Abonnement beträgt 12 Monate.
within the commitment period innerhalb+2 during the commitment period Man kann den Vertrag innerhalb der Bindungsfrist nicht ändern.
Similar Words
Synonyms: Vertragslaufzeit, Sperrfrist
Etymology
A compound word from 'Bindung' (commitment) and 'Frist' (period, deadline). Literally a 'binding period'.
Memory Tips
Think of it as the 'Frist' (period) during which you have a 'Bindung' (commitment) to a contract.