Locked in refers to a situation where an individual is unable to sell stocks that have appreciated in value due to the tax liability associated with the profit. Additionally, it can describe a fixed price or rate that remains unchanged for a specific duration.
Being “locked in” is an adjective used to describe a situation in which a person is unable to sell appreciated securities and realise the gain due to liability for capital gains taxes. It can also refer to a fixed price, rate, or value for a specific period. For example, my accountant advised me not to sell the stock because I am locked in, meaning I cannot sell the appreciated securities without incurring a large tax liability. The 7% mortgage rate is locked in for 30 days, indicating that the interest rate will remain the same for the next 30 days regardless of market or economic changes. Additionally, a person may be “locked in” to a contract or agreement, meaning they are bound by its terms and cannot easily get out of it. This term refers to a situation where a person or value is unable to change or move for a given period of time.
– No, it is illegal to lock someone in a room against their will. This could be considered false imprisonment.
– No, a landlord cannot lock a tenant out of their apartment without following the proper legal eviction process.
– No, a person cannot be locked into a contract without their consent. Contracts require mutual agreement from all parties involved.
– No, forced marriage is illegal and considered a violation of human rights.
– No, a person cannot be forced into a custody battle against their will. However, if there is a dispute over custody, it may need to be resolved through legal means.
– No, a person cannot be locked in a legal dispute without their knowledge. They have the right to be informed and participate in any legal proceedings that involve them.
– No, non-compete agreements must have a reasonable time limit and scope. They cannot lock a person out of their profession indefinitely.
– A person is generally bound by the terms of a lease agreement, but there may be legal options for breaking the lease early, such as subletting or negotiating with the landlord.
– No, a person cannot be forced into a business partnership without their consent. Business partnerships require mutual agreement and consent from all parties involved.
– No, a person has the right to legal representation in a legal dispute. They should seek out an attorney to help them navigate the legal process.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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