noun a device for securing a door, gate, lid, or container
verb to secure or fasten with a lock
adverb in a way that is securely fastened or sealed
preposition used to indicate the action of securing or fastening something in place
Buyers may lock in a mortgage rate to secure a favorable loan term.
Investors may lock in a certain interest rate to secure their investment.
Locking in settings on a device prevents unauthorized access or changes.
Locking in a contract or agreement ensures that terms are finalized and cannot be changed.
Locking in a course schedule means students cannot make changes after a certain deadline.
Teams may try to lock in a player's contract to ensure they stay with the team.
In the publishing industry, a writer may have a 'lock in' contract with a specific publishing house, meaning they are exclusively contracted to produce work for that publisher.
In a research setting, a psychologist may use 'lock in' as a term to describe a participant's commitment to a study or intervention for a specified period of time.
In software development, 'lock in' can refer to a situation where a particular technology or framework is used and becomes difficult to change or replace due to dependencies.
A financial analyst may use 'lock in' to describe a situation where a client is committed to a specific investment or financial product for a certain period, often with penalties for early withdrawal.
In real estate, 'lock in' can refer to a contract between a buyer and a seller that locks in a specific price for a property for a certain period of time, protecting both parties from market fluctuations.