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View synonyms for lock-in

lock-in

[ lok-in ]

noun

  1. an act or instance of becoming unalterable, unmovable, or rigid.
  2. commitment, binding, or restriction.


lock-in

noun

  1. an illegal session of selling alcohol in a bar after the time when it should, by law, be closed
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of lock-in1

First recorded in 1965–70; noun use of verb phrase lock in
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Example Sentences

Dr Colin Church, who led an independent review of incineration for the Scottish government which resulted in the ban, said: “‘Lock-in’ is a real issue, the energy-from-waste sector swears blind it’s not, but it is.”

From BBC

Unlike other ways the government might provide aid after a disaster, flood insurance subsidy is a place-based recovery program that is designed to keep people in their communities, which can produce a lock-in effect.

From Slate

The result is the so-called “lock-in effect” keeping people from listing their homes for sale.

That’s because though more owners are coming to terms with high rates, many will likely choose to keep their sub-4% mortgages — a phenomenon known as the lock-in effect.

If mortgage rates noticeably decline, the lock-in effect could lessen and bring more homes onto the market.

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