Meaning / Definition of
Take-out
Categories: Finance,
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.
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Definition / Meaning of
Employee Retirement Income Security Act Section 404(c)
Categories: Insurance,
removed
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