Definition, Meaning & Synonyms

lock-in

Noun

/ˈlɒk.ɪn/

Definition

A situation where a person or entity is unable to change their current situation or make different choices due to restrictions or commitments.

Examples

The company experienced a lock-in effect, making it hard for customers to switch to competitors.
Many users face a lock-in period when signing long-term contracts with service providers.

Meaning

Lock-in refers to the condition where options are limited because of previous choices or agreements, often making it difficult to switch to an alternative.