Meaning of “tie sb in” in the English Dictionary

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"tie sb in" in Business English

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tie sb in

phrasal verb with tie uk /taɪ/ us verb tying, tied, tied

FINANCE to make people agree to particular conditions when they borrow, invest, or buy a product, especially relating to the minimum period of time the agreement can last:

tie sb in Watch out for bonus accounts that tie you in after the bonus period.
tie sb in with sth Fixed-rate mortgages usually tie borrowers in with early repayment charges.
tie sb in for sth You need to know your mortgage rate and how long you are tied in for.

(Definition of “tie sb in” from the Cambridge Business English Dictionary © Cambridge University Press)