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Lockup

LOCKUP

A place of detention in a police station, court or other facility used for persons awaiting trial. In corporate law, a slang term that refers to the setting aside ofsecuritiesfor purchase by friendly interests in order to defeat or make more difficult a takeover attempt. A lockup option is a takeover defensive measure permitting a friendly suitor to purchase divisions of a corporation for a set price when any person or group acquires a certain percentage of the corporation's shares. To be legal, such agreement must advance or stimulate the bidding process, to best serve the interests of the shareholders through encouraged competition.

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"Lockup." West's Encyclopedia of American Law. . Encyclopedia.com. 16 Aug. 2017 <http://www.encyclopedia.com>.

"Lockup." West's Encyclopedia of American Law. . Encyclopedia.com. (August 16, 2017). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/lockup

"Lockup." West's Encyclopedia of American Law. . Retrieved August 16, 2017 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/lockup

lockup

lock·up / ˈläkˌəp/ • n. 1. a jail, esp. a temporary one. 2. the locking up of premises for the night. ∎  the time of doing this: hurrying back to their dorms before lockup. 3. the action of becoming fixed or immovable: anti-lock braking helps prevent wheel lockup. 4. an investment in assets that cannot readily be realized or sold in the short term.

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"lockup." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. 16 Aug. 2017 <http://www.encyclopedia.com>.

"lockup." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (August 16, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/lockup

"lockup." The Oxford Pocket Dictionary of Current English. . Retrieved August 16, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/lockup