If I go to my domain registration account and ask it to transfer your domain to me it will send an email to the admin email registered to your domain saying it will transfer the domain registration unless you object. You would object by merely returning the email. If you ignored the email or missed it then the transfer would go ahead.
It used to be that in domain transfers there had to be a positive exchange of emails by both parties. But a few years ago ICANN changed the regulations whereby no reply to a request for transfer would allow the transfer to take place automatically after 7 days.
This domain status locking was introduced so that a locked domain cannot be transferred even if no email reply is received from the current owner.
ICANN also added to their rules for registrar policies which said that registrars must lock and unlock a domain at a registered keepers request or to make such a facility available via a web site mechanism. That was put in place to stop registrars from making extortionate charges to keepers who wanted to change registrars, by keeping the domain locked and refusing to unlock it.
So basically you want to keep your domain locked until the very moment of transfer. You also must monitor your domains admin emails for transfer requests. There are bots that will check a domains lock status and move in the second it detects an unlock. They are bots from those cyberdomainnamefarmers that register every domain under the sun hoping to make a profit later by selling to a new keeperor the old keeper for a super-inflated price
What did you say the name of your domain was?
Just in case... please do not name your domain here!
Opinions are my own views, not DreamHosts'.
I am NOT a DreamHost employee OK!! :@
You act on my advice at your own risk!