New Words : greenmail
24. greenmail :
noun : Stock Exchange
the practice of buying a large block of a company's stock in order to force a rise in stock prices or an offer by the company to repurchase that block of stock at an inflated price to thwart a possible takeover bid.
Not unlike blackmail, this is a dirty tactic, but it's very effective.
Related Forms :
greenmailer : noun
Click Here for the Next New Word
|