Learn how to say Lockups correctly in English with this tutorial pronunciation video.
Oxford dictionary definition of the word lock-up:
1a jail, especially a temporary one.
2British non-residential premises that can be locked up, typically a small shop or garage:
a lock-up garage
3 [mass noun] the locking up of premises for the night.
the time when premises are locked up:
hurrying back to their houses before lock-up
4 [mass noun] the action of becoming fixed or immovable:
anti-lock braking helps prevent wheel lock-up
5an investment in assets which cannot readily be realized or sold on in the short term.