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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

lock-out

see INDUSTRIAL ACTION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
These lock-outs by dominant competitors provide incentives for firms to innovate by allowing innovators to capture more of the value provided by innovation.
'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.
* Office space rental, lender lock-outs and retaliation.
Lock-outs on power control panels prevent accidental startup of the equipment while maintenance people are working on it.
The second part of the book provides fifteen separate case studies of nineteen strikes beginning with the 1889 Brisbane bootmakers' strike and ending with the Mt.Isa lock-outs of 1961 and 1964.
Built-in AutoQC [R] module holds up to 40 days of QC material & automatically provides programmable QC regimens, lock-outs, & lot-to-lot comparisons.
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.
WORKERS unfairly sacked after one of Wales' longest-running lock-outs have vowed to fight for compensation after their workplace was sold to developers.
The introductory rate for membership is $12.50 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.
But soccer fever is gripping Cardiff, with expected 21,500 lock-outs against Reading and Bristol City later this month.
That led to a move over to The Aquarium, where he now presides over Saturday night lock-outs.