buy out

Language: en

Meaning: (transitive,idiomatic)topurchasetheentirestockorextentof something1784, Josiah Brown, Great Britain. Parliament. House of Lords.,Reports of cases, upon appeals and writs of error, in the high court of Parliament, from the year 1701 to the year 1779. Volume 11, page444:[…]the present Earl had no colour or pretence of right to the estate; and yet the appellants had thought fit tobuy him out,[…]2006, Percy Harris,Forty Years in and Out of Parliament, page18:[…]and when he complained met with the reply that if he did not like his partner's methods he could either clear out orbuy him out.; (transitive)to purchase theownershipof acompany; To close someone's contract by paying him or her a sum of money, the terms of which are often stated in the contract itself.1986, Punch Imlach,Heaven and Hell in the NHL, page149:A standard NHL contract, agreed to by both players and owners, has what is called a buy-out clause. If a player's performance deteriorates to the point that he is put on waivers and there are no takers, meaning nobody in the NHL wants him, his club canbuy him outat one-third of what's left on the contract.; (transitive)To gain release for (a person) from military service by payment of money.Synonym:buy off; (intransitive,US,dated,slang)To avoid apunishmentor escape a difficult situation.You always manage tobuy outat the last second.

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