offtake

Etymology

Definitions

1. 1

   To take off

   To take off; take away, remove.

   • Of brothers and bairns, where the brightest of earth-joys She had hitherto had: all the henchmen of Finn War had offtaken, save a handful remaining, […]
   • This canal offtook from the River Jumna, near its exit from the Sivalik Hills and flowed a distance of about 200 miles to the Fort of Hansi and the town of Hissar, on the borders of the Rajputana Desert.
2. 2

   To take out or remove commodities from a market, usually through purchasing them.

   • Obviously, it would be desirable for the parties to the interim offtake agreement to offtake their physical volumes in proportion to their dividend participation.
3. 3

   A point or channel of drainage or off-flow

   A point or channel of drainage or off-flow; offlet.

4. ›+ 3 more definitionsshow fewer

   1. 4

      The removal of oil (or an industrial chemical) from a storage facility.

   2. 5

      An act of taking off

      An act of taking off; specifically, the taking away or purchase of goods.

   3. 6

      Something taken off

      Something taken off; a deduction.

The neighborhood