Abstract: By providing two separate and independent locking systems formed in a single padlock, with both locking systems independently enabling the single shackle to be released and/or lockingly engaged, an effective, easily produced, multi-purpose padlock is achieved. In the preferred embodiment, a single housing and shackle assembly are employed and constructed for enabling the shackle to be released from locked engagement with the housing using either a rotatable dial combination construction or a key activating tumbler construction. In this way, a dual locking and releasing padlock is achieved which virtually eliminates the difficulties typically encountered with known, prior art lock configurations.

Abstract: By providing a removable cover assembly mountable to a rotating dial of a central housing of a padlock, a padlock construction is attained which is visually distinctive and can be custom tailored to individual consumer choice. The cover assembly of the present invention is preferably constructed from two cooperating components, thereby providing ease of assembly and removal. In its preferred construction, the cover assembly is formed in a plurality of alternate colors, styles, designs, and the like, with or without indicia displayed thereon providing for visual distinctiveness and coordination with luggage products. Furthermore, the cover assembly is also constructed in a manner which enables the dials of the padlock to be easily accessed for use as well as incorporating a visually distinctive combination read-out zone for improved visibility.