☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Greenmail

The practice of purchasing a large block of a company's stock and then selling it back to the company at a premium in exchange for an agreement not to pursue a hostile takeover.

Etymology: English blend of 'green' (money) + 'blackmail' · Category: Corporate Law · Source: Heckmann v. Ahmanson, 168 Cal.App.3d 119 (1985)
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