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Definitions

lock in

[lok-in] / ˈlɒkˌɪn /
NOUN
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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

This can result in Medicare Advantage “lock-in” for individuals with costly care needs, meaning they are unable to obtain Medigap coverage to help offset high out-of-pocket costs in traditional Medicare.

From Science Daily

Realtor.com’s Berner said expanding loan assumptions to mortgages backed by Fannie and Freddie could help ease the so-called lock-in effect, a term used to describe the reluctance of homeowners with ultralow mortgage rates to sell their homes.

From MarketWatch

Hint: It’s not just the ‘lock-in effect’

From MarketWatch

High interest rates impede home buying and home construction, a persistent lock-in effect has resulted in homeowners clinging to their 3% mortgage rates instead of selling, and sellers would rather delist their home than drop their asking price.

From MarketWatch

That lock-in effect is keeping home prices stable — for now.

From MarketWatch