something made to be taken out, esp. food prepared in a store or restaurant to be carried out for consumption elsewhere.
3.
Informal. a store, restaurant, or counter specializing in preparing food meant to be carried out for consumption elsewhere.
4.
a section, as of a magazine, that may be removed intact, usually consisting of a story, article, or set of illustrations.
5.
Also called takedown, takeout loan, takeout mortgage.Finance. a long-term real-estate mortgage arranged for a building the construction of which is financed by an interim short-term loan (construction loan).
6.
Cards.
a.
Bridge. a bid in a suit or denomination different from the one bid by one's partner.
b.
Poker. the minimum with which a player can begin.
–adjective
7.
pertaining to or supplying food and drink to be taken out and consumed elsewhere: the takeout window of a restaurant.
8.
Also, takedown.of, pertaining to, or providing a takeout mortgage: The high-rise developer has found a takeout commitment from a large insurance company.
A short-term mortgage taken to finance the construction of a real estate project before permanent long-term financing is obtained. Because of its relatively high return, some real estate investment trusts specialize in this type of loan. Construction loans are often more risky than long-term mortgages.
[teyk-out] 
