Meaning of lock-in in English:

lock-in

Pronunciation

Translate lock-in into Spanish

noun

  • 1An arrangement according to which a person or company is obliged to deal only with a specific company.

    ‘The other landlords in the town thought we were taking their lock-in trade so they wanted to get us closed down and, eventually, we were.’
    • ‘However, this deal comes with a £499 upfront arrangement fee, plus a two-year lock-in with a hefty early settlement penalty.’
    • ‘On maturity, investors will receive either the final value of the bond (a minimum of 100 per cent of the original amount invested) or the highest lock-in value, whichever is greater.’
    • ‘There were a number of interested parties, clearly, but at this point, I understand since this is a lock-in agreement, this is a done deal.’
    • ‘One of the reasons given for the failure of the C & C share issue is the substantial overhang of shares because the dominant shareholder would only agree to a lock-in of six months.’
    • ‘The vendors preach no lock-ins, strict adherence to standards and openness all around.’
    • ‘Six-month lock-ins allowed investment banks and management insiders to sell out their stakes.’
    • ‘But for insurance policies, the lock-in period is long.’
    • ‘Proprietary lock-in also seems to have been rather more of an issue when it came to communicating with central government systems than it was elsewhere, so Whitehall clearly has some distance to go before it can walk the talk.’
    • ‘Although a lock-in in your friendly local pub may be most welcome, product lock-ins are usually a sign that something fishy is afoot.’
    • ‘Many people are interested in a viable alternative to the proprietary lock-in solutions available for other operating systems, and Ardour appears to moving along the right development path.’
    • ‘When environments are stable, firms with a mix in which competences and lock-ins dominate are able to deepen the specificities, resulting in high productivity.’
    • ‘The scheme will have a tenure of three to seven years, and will have an initial lock-in period, as specified by each bank.’
    • ‘Customers are questioning the lock-in to any technology, even database.’
    • ‘The customer base is an important element of market power for aircraft manufacturers since there is at least to some extent a lock-in effect for customers once their initial choice of aircraft is made.’
    • ‘This creates a lock-in condition for the customer, which means higher costs for upgrades, service and expansion.’
    • ‘Most industries can only engineer that level of customer lock-in by devious means, such as the software industry's use of proprietary file formats.’
    • ‘The people's choice will be based on factors like functionality, quality, and convenience, rather than on customer lock-in.’
    1. 1.1A period during which a person or company is bound by the terms of a contract.
      as modifier ‘a lock-in period’
      • ‘A producer has an attractive and inelastic revenue source to the extent that "lock-in" makes switching to an alternative painful.’
      • ‘The scheme will have a tenure of three to seven years, and will have an initial lock-in period, as specified by each bank.’
      • ‘This means that when you use our services you are free from vendor lock-in.’
  • 2British A period during which customers are locked into a bar or pub after closing time to continue drinking privately.

    ‘It is also claimed he drank in late-night lock-ins at the Rattlebone and at parties afterwards in the basement of his Highgrove home.’
    • ‘I drank with them in the Bricklayer's Arms and enjoyed lock-ins at the pub on the corner of Curtain Road - The Mitre, is it?’
    • ‘To relive the excitement of the lock-in, I'll be starting work at closing time tonight, and working through till breakfast.’
    • ‘Once the pub has been cleared, customers will re-enter by a side door for a lengthy lock-in.’
    • ‘Apparently, the pub traditionally does lock-ins, but the brother would be on his own, and doesn't want to do it (he claims he wasn't supposed to be working tonight, as he's going somewhere very early tomorrow).’
    • ‘It's that time in the early morning when mistakes are made - mistakes outside of still being at a lock-in in a darkened pub in Soho.’
    • ‘I spend the evening - or part of it - with Himself Alone, and then we all head out for Iggy's bar; there's a lock-in after hours, and we're not home till three that morning.’
    • ‘One of the lock-ins I remember most clearly was on the night of the 1997 General Election.’
    • ‘It's fun, with occasional lock-ins when I have been known to dance on the tables.’
    • ‘He particularly liked the line in which we reported how drinkers were given the option of leaving before work began, or staying all-night for a lock-in.’
    • ‘A lot of the time I'm here before it opens and see all the food being delivered or I might stay for a lock-in and end up sweeping the floors.’
    • ‘He was cynically lured into helpless addiction by the Perth scone barons in a lock-in at a local tea-room.’
    • ‘A heavy drinker who thought nothing of downing up to 30 pints a day, died following a late-night lock-in after being bailed by a court to live in a pub.’
    • ‘Drinkers inside last night were given the option of leaving the pub before work began or remaining inside for an all-night lock-in.’
    • ‘My father had to haul her out of one of the village pubs after midnight, where she was found enjoying a lock-in with a bunch of long distance lorry drivers.’
    • ‘After much discussion we plumped for a pub in West London for a lock-in.’
    • ‘The magazine says the pub's secluded location makes it perfect for the ultimate lock-in.’
    • ‘We arranged a good old-fashioned lock-in with the landlord.’
  • 3A protest demonstration in which a group locks itself within an office or factory.

    ‘The workers began a strike and held a lock-in, after refusing to allow 10 factory managers to leave.’
    • ‘Many others are picketing the council in support of the lock-in.’