lock-in


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Related to lock-in: Lock-in amplifier, lock-in period

lock-in

[′läk ‚in]
(electronics)
Shifting and automatic holding of one or both of the frequencies of two oscillating systems which are coupled together, so that the two frequencies have the ratio of two integral numbers.

lock-in

(standard)
When an existing standard becomes almost impossible to supersede because of the cost or logistical difficulties involved in convincing all its users to switch something different and, typically, incompatible.

The common implication is that the existing standard is notably inferior to other comparable standards developed before or since.

Things which have been accused of benefiting from lock-in in the absence of being truly worthwhile include: the QWERTY keyboard; any well-known operating system or programming language you don't like (e.g., see "Unix conspiracy"); every product ever made by Microsoft Corporation; and most currently deployed formats for transmitting or storing data of any kind (especially the Internet Protocol, 7-bit (or even 8-bit) character sets, analog video or audio broadcast formats and nearly any file format).

Because of network effects outside of just computer networks, Real World examples of lock-in include the current spelling conventions for writing English (or French, Japanese, Hebrew, Arabic, etc.); the design of American money; the imperial (feet, inches, ounces, etc.) system of measurement; and the various and anachronistic aspects of the internal organisation of any government (e.g., the American Electoral College).
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References in periodicals archive ?
One clear example of this is that today's undocumented migrants undertake lock-ins in churches to demand the granting of residency documents.
Unless a lender improves the price with a significant intraday rate decline, few lock-ins will occur.
Because of the heated competition in the markets where the company originates, the prevailing practice is not to charge a fee for a lock-in even though such fees are typically credited against closing costs.
Some lenders, including Nationwide and Abbey National, have decided to abandon mortgages with extended lock-ins.
But mortgage lock-ins are still costing homeowners dear, despite Government calls to end them and bank claims that they are on the way out.
That compares with pounds 2,885 with the lock-in - pounds 160 more.
Virtual Network Services operates on a utility based contracting and billing model; providing network functions in an "as-a-service" fashion, without the associated devices or vendor lock-ins.
He pointed out that vendor lock-ins were both a cost issue-organizations pay for the expertise of developing the closed source systems-as well as an agility issue.
Lincoln Financial Group (NYSE: LNC) has launched Lincoln Max 6 Select Advantage, offering investors a combination of 6% Income Base growth that stacks on prior account value lock-ins, and access to a diversified lineup of investment options with up to an 80% allocation to equities, the company said.
Whats more, the open nature of Voyager means there are no vendor lock-ins.
The sad fiasco confirmed what most of us have long suspected: UKIP meetings are basically lock-ins in the back room of the Worst Pub in Britain, the terrible, ruined faces of the participants, slumped over the Scotch bottle and sour ashtray, forever two seconds away from someone shouting "SQUARE GO
1 in Jax for birthday parties, group events, team parties, school fundraisers, lock-ins, family fun time.