- n. alternative spelling of lock in.
- n. UK An illegal but widely-tolerated invitation-only gathering in a British pub or ale-house, after the end of licensing hours, to allow regular customers the opportunity to enjoy further drinking time.
- n. law A situation in which members of an industry have agreed to adopt a certain standard and have retooled their production to meet this standard, thus making it very costly to change to a different standard.
“Absolute lock-in occurs when leaving is virtually impossible.”
“Troopers say several youths had been returning from a so-called lock-in at a church in Memphis.”
“3 - Economic lock-in occurs when it does not make rational economic sense to change vendors, because the combined costs and benefits of staying outweigh the combined costs and benefits of leaving.”
“In recent years an annual lock-in—a sleepover in the church—for youth has been canceled due to lack of interest, and when the clergy arranged for the parish to host a day-long antiracism conference taught by the diocese, only eight parishioners signed up.”
“Funds for growth : Non tax-saving funds don't have a lock-in period, but ideally you should plan on not withdrawing your money for one to three years at least.”
“If there's a "lock-in" problem, its source is the consumer, not the producer.”
“Though fuel lock-in plans can be a good deal if prices rise fast, surcharges and cancellation fees often eliminate any real savings.”
“This gets rid of the potential for lock-in that made Electronic Data Systems”
“Typical investors are best off limiting their investment into these bonds at 20,000 rupees, because these instruments have a five - to seven-year lock-in, during which period stock mutual funds can provide better returns.”
“If Asia can avoid a premature rush to build new coal fired power plants, and acts in time to find alternatives to oil, it has a shot, maybe a good shot, at avoiding coal lock-in, and achieving its development goals.”
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