Definition of lock-in in English:

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lock-in

Pronunciation: /ˈläkin/

noun

1An arrangement according to which a person or company is obliged to deal only with a specific company.
Example sentences
  • For example, it's possible to find a two-year fixed rate (with no lock-in after the two years is up) for as little as 4.15% a year.
2A protest demonstration in which a group locks itself within an office or factory.
Example sentences
  • 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.
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