|
Search over 100 encyclopedias and dictionaries: |
Research categories | Follow us on Twitter |
Research categories
View all topics in the newsView all reference sources at Encyclopedia.com |
|||
Lockup
LOCKUPA 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. |
|
|
Cite this article
"Lockup." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "Lockup." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1G2-3437702758.html "Lockup." West's Encyclopedia of American Law. 2005. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437702758.html |
|
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. |
|
|
Cite this article
"lockup." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "lockup." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O999-lockup.html "lockup." The Oxford Pocket Dictionary of Current English. 2009. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-lockup.html |
|
Search over 100 encyclopedias and dictionaries:
HighBeam™ Research, Inc. © Copyright 2012. All rights reserved.
The Encyclopedia.com advertising network includes:
