buyout
//ˈbaɪˌaʊt//
Noun
buyoutSingular
buyoutsPlural
1
The purchase of a controlling share or all of a company's stock, especially by its own managers or employees.
The management team completed a buyout of the company last month.
2
A payment made to someone to give up their position, rights, or ownership in something.
The company offered him a generous buyout to leave his position early.