A locking nut includes a nut top, a nut middle, and a slip section. The nut top includes an integrally-formed bushing. The nut middle includes a threaded central bore suitable for threaded engagement on a threaded installation bolt, as well as a plurality of ratchet gears on an outer surface where each gear has a respective first slip surface and a first drive surface. The slip section includes a plurality of cantilevered posts having a respective free end, wherein on each post are formed a respective second slip surface and a second drive surface. When the slip section is rotated in a tightening direction, the slip section and the nut middle rotate together until a torque threshold is reached, where the second slip surfaces override the first slip surfaces to limit the applied torque. The locking nut includes structure to produce sound when the torque threshold has been reached.