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LSDefine

Simple English definitions for legal terms

lockup

Read a random definition: guaranty stock

A quick definition of lockup:

Term: LOCKUP

Definition: A lockup is a place where people who have broken the law are kept as punishment. It is like a jail. Lockup can also refer to a type of financial option where the holder has the right to sell an asset at a certain price for a specific period of time.

A more thorough explanation:

Definition: A lockup is a place where people are held in custody, usually as a form of punishment for breaking the law. It can also refer to a financial option that allows an investor to lock in a specific price for a security.

  • After being arrested for theft, the suspect was taken to the local lockup.
  • The city council approved the construction of a new lockup facility to address overcrowding in the current jail.
  • Investors can use a lockup option to protect themselves from market fluctuations by locking in a specific price for a security.

The first two examples illustrate the use of lockup as a jail or detention facility. The third example shows how lockup can also refer to a financial option used by investors.

lock rate | lockup option

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heart broken
alaska >
yeah windy u win
but i do like the balance of urban and mountains here in slc
and if ur rebuttal is Denver all i can say is that everyone i've met from Colorado is insufferable so
14:26
one of my friends sister is an ada in alaska
14:26
seems cool
14:32
I went to Denver like a few weeks ago and it’s so weird how they close every coffee shop on the weekends
14:32
where the hell is the LIFE
oh umm. don't come to Utah. like 80-90% of things are closed on Sundays
14:33
okay I won’t
i want to go to the soda shop tho
okay the soda shops r bomb
NosyBeagle
14:55
never been to utah
NosyBeagle
14:55
too white for me ngl
NarrowFaithfulCougar
15:23
It's utahded over there. Lmfao.
this day is dragging asss
if every coffee shop was closed on the weekend here, i would die
what is life without my $7 latte
NosyBeagle
15:53
i forgo coffee on the days I wanna binge on the candy in my coworker's candy box. it would be too much sugar in one day
NosyBeagle
15:53
when i want coffee i get that shit FILLED with caramel
AngryMiniCar
16:21
Nth day practicing RC and I think I'm just really used to skimming and it's a very hard habit to break.
AngryMiniCar
16:21
:')
NosyBeagle
16:31
you can't skim. you skim you die
NosyBeagle
16:31
imagine ur nips exploding when you skim. you skim no nips
AngryMiniCar
16:32
I died 10 times today
AngryMiniCar
16:32
I have no nips left
AngryMiniCar
16:33
But yes I'll remember that every single time I try to skim from now on thank you lol
NosyBeagle
16:33
always here to help
@JupitersMoons: are you going to go to utah for law school?
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