take out


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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."
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

take out

1. The extra funds generated in an account when an investor sells one block of securities and buys another block at a lower total cost. For example, a customer may sell $50,000 face amount of bonds at 85 and then purchase $50,000 face amount of a different bond at 80.
2. A bid for a seller's remaining position in a security.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.