Lock-in meaning

Alternative spelling of lock in.
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(UK) An illegal but widely-tolerated invitation-only gathering in a British pub, after the end of licensing hours, to allow regular customers the opportunity to enjoy further drinking time.
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(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.
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A sleepover party, usually held in a public place such as a church or school, in which the participants are not allowed to leave until the next morning.

The youth group will have their annual lock-in this weekend.

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To secure someone or something in a locked enclosure.
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To fix the value of something potentially variable.

I've locked in a rate of 5%

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