Lock-Up

Refers to an agreement on the part of an issuer, its directors, its officers, and often other security holders and the underwriters pursuant to which the lock-up party agrees for a period of time not to issue or to offer for sale or to transfer securities of the issuer. The lock-up agreement is intended to provide assurance to underwriters and the investors that sales of securities immediately after a securities offering will not disrupt the market for the securities.

Lock-Up

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