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A Writer's Dictionary:

greenmail Definition


Dictionary Home » Words Starting with G » greengrocery ... grindingly » greenmail


greenmail
noun
    (especially US)
    1. A form of business blackmail in which a company buys a strategically significant block of shares in another company, sufficient to threaten takeover, and thus forces the company to buy back its shares at an inflated price.
Etymology: 1980s: from greens (see under greenback) and modelled on blackmail.



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