Lock

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Lock

Used in the context of general equities. Make a market both ways (bid andoffer) either on the bid, offering, or an in-between price only. Locking on the offering occurs to attract a seller, since the trader is willing to pay (and ask) the offering side when others only ask it. Locking on the bid side attracts buyers for similar reasons. Typically, the sell side requires a plus tick to comply with short sale rules.
References in periodicals archive ?
I have been locked out with my family a few times, but I still prefer this system because I don't have to remember to manually lock up every time I go out.
Up to 280 calls are made to emergency services each year from people stranded in lifts or locked out of their homes.
The loan is locked out of prepayment for the first 12 months and is prepayable in whole or part anytime thereafter without penalty.