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.
"Lockup." West's Encyclopedia of American Law. . Encyclopedia.com. (August 15, 2018). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/lockup
"Lockup." West's Encyclopedia of American Law. . Retrieved August 15, 2018 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/lockup
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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.
"lockup." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (August 15, 2018). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/lockup
"lockup." The Oxford Pocket Dictionary of Current English. . Retrieved August 15, 2018 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/lockup