LOCK-UP OPTION

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("lock-up option" is a kind of...):

option (the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited)

Credits