buyout

The purchase of a company or enough of its shares to control it.

• The board approved the buyout.
• Managers arranged a buyout of the business.
• Several buyouts changed ownership across the industry.

How to use it: buyout of something (The investors completed a buyout of the company.)

Similar words: takeover, acquisition

Common phrases: management buyout, leveraged buyout, buyout deal

Using project funding to pay someone else to do a researcher's regular duties, especially teaching.

• The grant includes a teaching buyout.
• Her buyout freed one semester for research.
• The department used buyout funding to hire a replacement lecturer.

Common phrases: teaching buyout, course buyout, fund a buyout