lock-in noun 4lock in verb 4forms 5 noun4 •A situation in which a business has adopted a certain standard or product from a specific manufacturer and integrated it into their process, thus making it very costly to change to a different standard or supplier. •The situation where an investor cannot trade without incurring an undesirable penalty such as taxation. •(US) 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. •(UK, Ireland) An illegal but widely-tolerated invitation-only gathering in a pub, after the end of licensing hours, to allow regular customers the opportunity to enjoy further drinking time.He was a lunatic drunk and started sing songs that lasted into the early hours of the morning and resulted in many weekend lock-ins in the village pub. — 2009 lock in verb4 •To fix the value of (something potentially variable).I've locked in a rate of 5%.I've got a 5% rate locked in. •To prevent (someone or something) from escaping, deteriorating, or switching to an alternative.Our new foil packets keep the flavour of the crisps locked in.Companies find various ways to try to lock in a customer base by preventing the products or services from being fully fungible. •(informal) To focus entirely (on something).I need to lock in for this exam I'm taking tomorrow.The missile's path is now locked in. •To synchronize (especially a rhythm section) into a groove. formslocked in · locking in · locks in · lock ins · lock-ins