takeout mortgage

takeout

[teyk-out]
noun
1.
the act or fact of taking out.
2.
something made to be taken out, especially 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.
Also, take-out.


Origin:
1915–20; noun use of verb phrase take out

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Etymonline
Word Origin & History

takeout
in ref. to food prepared at a restaurant but not eaten there, 1941, from take (v.) + out. British equivalent take-away is recorded from 1964 (adj.), 1970 (n.).
Online Etymology Dictionary, © 2010 Douglas Harper
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