Meaning of “buy sth/sb out” in the English Dictionary

"buy sth/sb out" in Business English

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buy sth/sb out

phrasal verb with buy uk /baɪ/ us verb bought, bought

FINANCE to buy a part of a company or building from someone else so that you own all of it:

The bank announced that it wanted to buy out the publicly owned shares of its stock.
The group had purchased the rest of the five-story building, and now they wanted to buy her out.

LAW to pay money to release someone from a contract:

He negotiated a deal to receive $175,000 to buy out his contract early.
He has completed only two seasons of his three year contract, but it is assumed that the company will buy him out.

(Definition of “buy sth/sb out” from the Cambridge Business English Dictionary © Cambridge University Press)