lockup

lockup
lock·up n
1: a cell or group of cells (as in a courthouse) or jail where persons are held prior to a court hearing compare house of correction, house of detention, jail, penitentiary, prison
2: the tactic of arranging with a friendly party an option to buy a valuable portion of one's corporate assets in order to discourage a takeover by another party

Merriam-Webster’s Dictionary of Law. . 1996.

lockup
index penitentiary

Burton's Legal Thesaurus. . 2006


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 of securities for 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.

Dictionary from West's Encyclopedia of American Law. 2005.


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 of securities for 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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • Lockup — Lock up , 1. n. A place where persons under arrest are temporarily locked up; a watchhouse; a jail. [1913 Webster] 2. The act or state of temporary imprisonment in a lockup[1]. [PJC] 3. A malfunction in a machine having moving parts, such that… …   The Collaborative International Dictionary of English

  • lockup — [läk′up΄] n. 1. the act of locking up 2. a being locked up, as in jail 3. a jail …   English World dictionary

  • lockup — The moment when a tire begins to skid during braking. A tire s maximum braking force occurs when it is on the verge of lockup. Ideally all four tires should approach lockup simultaneously to give a vehicle the best braking. Because this ideal is… …   Dictionary of automotive terms

  • lockup — noun Eileen spent the night in lockup the lockup in this town is a historical landmark Syn: jail, prison, cell, detention center, jailhouse, penitentiary; informal slammer, jug, can, brig, clink, big house, cooler, hoosegow, cage, pen …   Thesaurus of popular words

  • lockup — UK [ˈlɒkʌp] / US [ˈlɑkˌʌp] noun Word forms lockup : singular lockup plural lockups 1) [uncountable] a small prison in a village or town, where the police can keep a criminal for a short period of time 2) [countable] British a garage that you can… …   English dictionary

  • lockup — noun A jail. Hes in lockup for 30 days for drunk and disorderly …   Wiktionary

  • lockup — n Jail or prison. He was picked up on a DUI and spent the night in the lockup. 1950s …   Historical dictionary of American slang

  • 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 of securities for purchase by friendly interests in order to defeat or make more… …   Black's law dictionary

  • 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 of securities for purchase by friendly interests in order to defeat or make more… …   Black's law dictionary

  • Lockup (TV show) — Lockup is a prison documentary series, produced by 44 Blue Productions which airs on MSNBC.EpisodesExternal links* [http://www.44blue.com/lockup.html Series page at 44 Blue Productions] * [http://www.msnbc.msn.com/id/3080749/ Series page at… …   Wikipedia

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