Definitions

from the GNU version of the Collaborative International Dictionary of English.

  • noun same as lobster pot.

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  • noun Alternative term for lobster pot

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  • in order for a disclosure regulation to serve as a device that aids issuers in making a credible commitment to complete and continuous disclosure into the future, it must have a characteristic "lobster trap" structure: easy to enter voluntarily; hard to exit.
    Edward Rock, Securities Regulation as Lobster Trap: A Credible Commitment Theory of Mandatory Disclosure, 23 Cardozo L. Rev. 675, 692 (2002)

    August 1, 2018