locked-property of endpoint "account"

I have one question according to the endpoint GET /api/v3/account

It returns something like this:

{
  ..
  "accountType": "SPOT",
  "balances": [
    {
      "asset": "BTC",
      "free": "4723846.89208129",
      "locked": "0.00000000"
    },
    {
      "asset": "LTC",
      "free": "4763368.68006011",
      "locked": "0.00000000"
    }
  ]
}

What does the “locked”-property mean? Does it only consider the active (unfilled) orders which reserves the money until the order is filled?

Yes, locked is the sum of all active orders (unfilled parts of the total order volumes).