Take-out
(redirected from carryout)Take-out
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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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."
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