WAIT Clause
The WAIT clause causes the database server to suspend the process until the lock is released or until a specified number of seconds have passed without the lock being released.
The database server protects against the possibility of a deadlock when you request the WAIT option. Before the database server suspends a process, it checks whether suspending the process could create a deadlock. If the database server discovers that a deadlock could occur, it ends the operation (overruling your instruction to wait) and returns an error code. In the case of either a suspected or actual deadlock, the database server returns an error.
Cautiously use the unlimited waiting period that was created when you specify the WAIT option without seconds. If you do not specify an upper limit, and the process that placed the lock somehow fails to release it, suspended processes could wait indefinitely. Because a true deadlock situation does not exist, the database server does not take corrective action.
In a network environment, the DBA uses the ONCONFIG parameter DEADLOCK_TIMEOUT to establish a default value for seconds. If you use a SET LOCK MODE statement to set an upper limit, your value applies only when your waiting period is shorter than the system default.