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Takeout |
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Takeout A financing to refinance or take out another loan. Takeout 1. Informal; to borrow. 2. Extra cash that an investor derives when he/she sells a position and then buys a similar position for a lower price. 3. To make a bid for the entirety of a security that a seller owns. 4. Informal for a merger or acquisition. The term comes from another informal term, "in play," which refers to a company either soliciting offers for a buy-out or vulnerable to a hostile takeover. A takeout means that the company involved as been "taken out of play." Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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