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greenmail

play
noun green·mail \ˈgrēn-ˌmāl\

Definition of greenmail

  1. :  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

greenmail

transitive verb

greenmailer

play \-ˌmā-lər\ noun


Did You Know?

Greenmail is a recent English coinage, but its history spans a millennium. In the Anglo-Saxon historical records for 1086, we find an early use of a word that still survives in Scottish English as mail, meaning "payment" or "rent." The 16th century saw the appearance of the compound blackmail, which was originally a tribute that freebooting chiefs at the Scottish border exacted in exchange for immunity from pillage. In 1862, the U.S. government began printing paper money using green ink, and soon the word green came to suggest money. Finally, in the 1980s, greenmail was coined by combining green and blackmail to describe a particular type of financial piracy.

1983

First Known Use of greenmail

1983


Law Dictionary

greenmail

play
noun green·mail \ˈgrēn-ˌmāl\

Legal Definition of greenmail

  1. :  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

greenmail

transitive verb

greenmailer

noun


Origin and Etymology of greenmail

green (money) + -mail (as in blackmail)


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