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."
References in periodicals archive ?
On April 1, OIR rescinded its previous takeout policy renewal mandate.
Certain takeout companies are submitting information to the OIR and Citizens pertaining to the composition of those policies they wish to non-renew.