Dictionary

lockaway en · NOUN

Etymology

Deverbal from lock away.

Meanings

1. A long-term investment to be left alone until some future time.
   • He thinks investment trusts should be viewed as long-term lockaways, which can be held almost indefinitely, so he steers clear of more aggressively managed trusts. 1997, Investors Chronicle, volume 122, numbers 1548-1558, page 62:
   • For the investor, the indications are that the shares of soundly managed important airframe makers are the best current aircraft industry buys for long term lockaways. 1955, Aircraft, volume 34, page 30:

Forms

Relateds

lockout · lockup · lock-in · lockdown · layaway