| / English Dictionary |
GREENMAIL
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business
Classified under:
Nouns denoting acts or actions
Hypernyms ("greenmail" is a kind of...):
porcupine provision; shark repellent (a measure undertaken by a corporation to discourage unwanted takeover attempts)
Domain category:
corp; corporation (a business firm whose articles of incorporation have been approved in some state)
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