noun. ['ˈlɑːˌkaʊt'] a management action resisting employee's demands; employees are barred from entering the workplace until they agree to terms.
1. Verb, past participle Some hostels have lockout periods, when all guests must be leave the hostel for a few hours. 2. Noun, singular or mass Extend your right leg in front of your body until it is just short of lockout.