lock-out

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Lock-out

With PAC bond CMO classes, the period before the PAC sinking fund becomes effective. With multifamily loans, the period of time during which prepayment is prohibited.

Lock-Out

The act of an employer not permitting its employees to work. That is, an employer may close down its place of business (such as a factory) so that employees cannot work and thereby earn a living. Lock-outs are useful in situations such as when a union only represents a portion of a company's workforce. If the employer believes the union is making unreasonable demands, it can declare a lock-out to encourage non-union workers to put pressure on the union workers to give up on those demands. Because this has the effect of punishing all workers, lock-outs are usually illegal.

lock-out

see INDUSTRIAL ACTION.

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References in periodicals archive ?

It's getting to the stage that if something isn't done soon we will have to introduce peak-time lock-outs to allow passenger and train congestion to subside,' he said.

New Street lock-outs are ahead of schedule

Office space rental, lender lock-outs and retaliation.

A RESPA green light?

Built-in AutoQC [R] module holds up to 40 days of QC material & automatically provides programmable QC regimens, lock-outs, & lot-to-lot comparisons.

Roche high volume ABG analyzer

They have attacking flair enough to thoroughly examine United's new defensive barrier erected round Bassong, whose introduction in his natural position has coincided with the three-game run of lock-outs.

No Christmas gifts this year and we'll all be delighted; THE FRIDAY FILE

50 a year and covers up to $150 per roadside incident or breakdown, including flat tires, no gas, lock-outs, jumpstarts and ramp winching as well as on-the-water tows, jump-starts and fuel delivery.

Archery hunters get own stamp

But soccer fever is gripping Cardiff, with expected 21,500 lock-outs against Reading and Bristol City later this month.

Football: Sam on a pounds 15m spree

After the lock-outs of Friday and Saturday, sadly there weren't quite so many there yesterday to finish the job.

Aussies delight crowds with a little slaughter

Back are one-nil lock-outs, back is defensive solidity, back are opponents who can't cope with 4-5-1 even if they do utilise it themselves.

Football: Lean, mean Everton can head for Europe... but please David, stop going on about conspiracies!

The only possible outcome is that BBC will have to stump up, or face further lock-outs.

Friendly radio waves being stirred by money-driven wind

Any journalist involved in the 1979 newspaper lock-outs will confirm that, far from that, he faced accusations of being a "terrible Tory" for the way he ran his weekly newspaper during that strike.