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LSDefine

Simple English definitions for legal terms

lockup

Read a random definition: proprietary right

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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