buy sth/sb out
— phrasal verb with buy uk/baɪ/usverb bought, bought
FINANCE to buy a part of a company or building from someone else so that you own all of it:
The bank announced that it wanted to buy out the publicly owned shares of its stock.
The group had purchased the rest of the five-story building, and now they wanted to buy her out.
LAW to pay money to release someone from a contract:
He negotiated a deal to receive $175,000 to buy out his contract early.
He has completed only two seasons of his three year contract, but it is assumed that the company will buy him out.