tie up

BAX Contract
quote stuffing

Definition

phrasal verb
  1. to attach or to fasten something tightly
    ExamplesThe parcel is tied up with string. • The ship was tied up to the quay.
  2. to invest money in one way, so that it cannot be used for other investments
    ExamplesHe has £100,000 tied up in long-dated gilts. • The company has £250,000 tied up in stock which no one wants to buy.

"...a lot of speculator money is said to be tied up in sterling because of the interest-rate differential between US and British rates" [Australian Financial Review]

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