Law Dictionary Definitions

takeover defense.A measure taken by a corporation to discourage hostile takeover attempts. — Often shortened to defense. — Also termed shark repellent. structural takeover defense.A legal mechanism adopted by a corporation to thwart any future takeover bid without having any financial or operational effect on the target corporation. transactional takeover defense.A financial or operational transaction…

takeover bid.An attempt by outsiders to wrest control from the incumbent management of a target corporation. See TENDER OFFER. [Blacks Law 8th]

takeover agreement.See AGREEMENT. [Blacks Law 8th]

takeover. The acquisition of ownership or control of a corporation. • A takeover is typically accomplished by a purchase of shares or assets, a tender offer, or a merger. [Cases: Securities Regulation 52.10–52.26. C.J.S. Securities Regulation §§ 121, 123–127, 129–130, 138–139.] friendly takeover.A takeover that is approved by the target corporation’s board of directors. hostile…

take-or-pay contract.See CONTRACT. [Blacks Law 8th]

take-it-or-leave-it contract.See adhesion contract under CONTRACT. take-nothing judgment.See JUDGMENT. [Blacks Law 8th]

take-home pay.Gross wages or salary reduced by deductions such as income taxes, social-security taxes, voluntary contributions, and union dues; the net amount of a paycheck [Blacks Law 8th]

take from the table.Parliamentary law. To resume consideration of (business previously tabled). — Also termed resume consideration. [Blacks Law 8th]

take effect,vb.1. To become operative or executed. 2. To be in force; to go into operation. [Blacks Law 8th]

take delivery.To receive something purchased or ordered; esp., to receive a commodity under a futures contract or spot-market contract, or to receive securities recently purchased. [Blacks Law 8th]