buyout

Definitions

1. The acquisition of a controlling interest in a business or corporation by outright purchase or by purchase of a majority of issued shares of stock.
2. The use of grant monies to pay for another person to perform the usual duties, especially teaching duties, of someone engaged on the funded project.

Equivalents

Examples

“The Central Intelligence Agency on Tuesday became the first major national security agency to offer⟳ so-called buyouts to its entire workforce, a CIA spokesperson and two other sources familiar with the offer⟳ said, part of President Donald Trump’s broad effort to shrink⟳ the federal government and shape⟳ it to his agenda.”

“Those orders frustrated the administration’s attempt⟳ to bring⟳ a quick close⟳ to the so-called buyout offer⟳.”

CEFR level