lock-up option

1. 1.

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

   Broaderoption

Questions about lock-up option

What does lock-up option mean?

lock-up option means "an option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover".

Is lock-up option a common word?

lock-up option is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.