# Time Locks

Time locks allow Squad members to defer the execution of approved transactions for a set period of time.

* Time locks apply globally to all Squad transactions once set.
* "Active" transactions and "Ready" transactions for changing Squad settings initiated before the time lock will change to a "Canceled" state upon activation.
* Available periods: 1 hour, 1 day, 1 week, Custom (in seconds), None (disables the time lock).

To create a time lock:

1. Navigate to the "Settings" tab.
2. Select the desired time lock period and initiate a transaction.
3. The time lock activates upon transaction execution.

{% hint style="info" %}
Choose a time lock duration that balances security with accessibility of funds. Avoid excessively long periods (e.g. 1 month) if regular asset management is expected.
{% endhint %}


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