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English definition of “take sth out”

take sth out

phrasal verb with take     /teɪk/ verb [T] (took, taken)
FINANCE, BANKING, MARKETING to arrange and pay for insurance , a loan , an advertisement , etc.: take out a loan/mortgage He took out a $44,000 startup loan . They decided to take out extra life insurance .take out an ad/advertisement They took out an ad in USA Today.
BANKING to remove money from a bank account : I had to take $10,000 out of a savings account in order to pay for the car .
(Definition of take sth out from the Cambridge Business English Dictionary © Cambridge University Press)
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