GREENMAIL

greenmail

(noun) (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

Source: WordNet® 3.1


Etymology

Noun

greenmail (countable and uncountable, plural greenmails)

Profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.

Verb

greenmail (third-person singular simple present greenmails, present participle greenmailing, simple past and past participle greenmailed)

To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.

Anagrams

• Megrelian, marine leg

Source: Wiktionary



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Word of the Day

23 March 2025

INDWELLING

(adjective) existing or residing as an inner activating spirit or force or principle; “an indwelling divinity”; “an indwelling goodness”


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Coffee Trivia

According to Guinness World Records, on 25 September 2016, the Birla Institute of Management Technology (India) in Uttar Pradesh, India, constructed the largest coffee cups pyramid consisting of 23,821 cups. They used paper takeaway coffee cups to build the pyramid.

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