Abstract: There is disclosed an improved lock assembly particularly suited for bulk vending machines, the lock assembly formed by an upper portion including a lock barrel having a lock collar extending downwardly therefrom, the lock collar having a tubular configuration with a hollow interior. A lock pin is secured within the hollow confines of the lock collar. The lock assembly further includes a lock post which is intended to be screwthreadedly mounted to a mounting bar, and the lock post including a first diametric channel cut into the upper portion thereof along a diametric centrally positioned plane, and continues into a curvilinear channel, ending at a pair of opposed stop points, the plane formed by the stop points being exactly 90° perpendicular to the plane formed by the diametric lock channel.

Abstract: There is disclosed an improved lock assembly particularly suited for bulk vending machines, the lock assembly formed by an upper portion including a lock barrel having a lock collar extending downwardly therefrom, the lock collar having a tubular configuration with a hollow interior. A lock pin is secured within the hollow confines of the lock collar. The lock assembly further includes a lock post which is intended to be screwthreadedly mounted to a mounting bar, and the lock post including a first diametric channel cut into the upper portion thereof along a diametric centrally positioned plane, and continues into a curvilinear channel, ending at a pair of opposed stop points, the plane formed by the stop points being exactly 90° perpendicular to the plane formed by the diametric lock channel.

Abstract: A quick-release/secure lock for a vending machine or the like includes a shaft component, which may be a converter component, is secured on a threaded shaft of the machine, the shaft component is arranged with the remainder of the lock, to permit less than a single turn of the lock on the shaft component tightly to secure or release a machine cover or lid. The shaft component obviates the previous requirement to screw the lock through several turns on the machine shaft to tighten, to close or remove the cover or lid.