A locknut which uses a pivotable segment mounted within the locknut body to slightly deflect producing an increased friction (locking force) between the locknut body and bolt which is threaded into the locknut body. This locking force is preset at the construction of the locknut to assume a lower amount of force or a higher amount of force according to the desires of the customer purchasing the locknut. The amount of force could be adjustable by using a set screw.