lockaway
See also: lock away
English
[edit]Etymology
[edit]Noun
[edit]lockaway (plural lockaways)
- (finance) A long-term investment to be left alone until some future time.
- 1955, Aircraft, volume 34, page 30:
- 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.
- 1997, Investors Chronicle, volume 122, numbers 1548-1558, page 62:
- 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.