lockaway

See also: lock away

English

Etymology

Deverbal from lock away.

Noun

lockaway (plural lockaways)

  1. (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.

See also
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