Home Dee Dee Word of the Day Word of the Day – Dec. 9 – Greenmail

Word of the Day – Dec. 9 – Greenmail

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Dee Dee - Word of the Day
Dee Dee – Word of the Day

Noun: Greenmail  (GREEN-mail)

Definition: The practice of buying enough of a company’s stock to threaten a hostile takeover and reselling it to the company at a price above market value; also, the money paid for such stock.

Sample sentence: In an astonishing act of greenmail, the investor bought up all available shares of the company and leveraged his sale back to the company at triple the purchase price.

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