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A cash surplus generated by the sale of one block of securities and the purchase of another, e.g., selling a block of bonds at 99 and buying another block at 95. Also, a bid made to a seller of a security that is designed (and generally agreed) to take the seller out of the market.


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."
References in periodicals archive ?
I request for take-away food even if I am going to eat at the food court.
Japan is also a "very important" market for UberEATS, its take-away food delivery service, the spokesman said.
Coffee Serve has supplied equipment to many of Australia's leading restaurants, clubs, cafes, casinos, hotels, take-away food outlets, bakeries', and schools and due to the client's complete satisfaction, they have earn their respect and repeat business.
I loved chocolate so I had to cut that right out and I also cut out take-away food.
It's a tough life of take-away food, room service, boredom, loneliness and even the customary stalker.
He said Mr Webb was eating his take-away food and Butler was acting aggressively towards him.
Announcement of competition: They comprise mainly delivery of pizza and other traditional take-away food to be delivered after hours.
However, the take-away food market is highly active with some big players entering the market globally.
In a 24/6 town like Birmingham (Sunday was supposed to be a day of rest) round-the-clock working made take-away food a necessity, and Jack finds plenty of work cooking up the fast food to fuel the industrial stomach.
Fish and chips were the only take-away food |not to be rationed during World War II.
Next time you need take-away food in a hurry, why not whip up a batch of these instead?
plastic bags for: flour, sugar, salt, pasta, bread, lentils, beans, eggs, take-away food, laundry soap