lock-up


lock-up
lock-up ˈlock-up adjective FINANCE
1. lock-up agreement/​pact an agreement by which money is invested in such a way that it cannot be used for a period of time
2. lock-up period a period of time during which money is invested in such a way that it cannot be used

* * *

lock-up UK US (also lockup) noun [C]
STOCK MARKET an agreement or period of time during which someone cannot get back the money they have invested: »

The moment the lock-up ended, the company's founders sold as much stock as they could get away with.

lock-up agreement/provision/arrangement »

Management were barred from selling shares under the terms of a lock-up agreement until 12 July.

»

Some eurobonds have a lockup period of 90 days before they can be sold.

UK a building used for storing things safely: »

He stores the goods in a lock-up he rents near the market.


Financial and business terms. 2012.