If allowed, a timeshare unit can be subdivided and used as two smaller units for the purposes of use or exchange. e.g.: a three bedroom unit might be split and deposited as one 2Br unit and one 1Br unit giving the owner two weeks for use or exchange.

A few timeshare resorts have units that are two living units separated from each other by a lockable door, thus the word "Lockout". Since there are really two units, each side can be used separately. One could be used at resort, and the other used for exchange. Or both sides could be used for exchange.The exchange company determines how many weeks of trade are given; typically if both sides have a kitchen, 2 weeks will be given.

A Vacation Property that can be divided into two separate living quarters each with separate entrances. A lockout can be exchanged for two weeks in a smaller unit.

or lock-off unit A timeshare property which can be divided into two complete sections so that two different parties may occupy either half at the same time.

See Lock-Off Unit above

A timeshare unit consisting of two separate sections that can be enjoyed by different parties simultaneously.

A situation during computer operation when the arithmetic and logic units both try to access the CPU at the same time - usually the result of illegal commands in an unfriendly program. The computer just ceases to work. Only solution is to turn the damn thing off and start again - losing the work in hand.