Definitions for "Locked-In"
Refers to pension plan funds that cannot be paid in cash. The funds must be used to provide a life-time pension benefit.
This means you can only receive benefits from your plan when you retire. You usually can't get a cash pay-out. Your plan may make exceptions if you have a terminal illness, or a small pension benefit. O - Z
Money transferred out of a pension plan is locked-in and cannot be withdrawn for any purpose other than the purchase of an annuity.
A hedged position that cannot be lifted without offsetting both sides of the hedge (spread). See Hedging. Also refers to being caught in a limit price move.