take a flier
Definition of take a flier
US, informal
: to do something that could have either good or bad results : to gamble on something risky He took a flier in politics soon after getting his degree. —often + on Investors have been unwilling to take a flier on such a small and unproven company.
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Word by Word Definitions
: to get into one's hands or into one's possession, power, or control: such as
: to seize or capture physically
: to get possession of (fish or game) by killing or capturing
: a distinct or personal point of view, outlook, or assessment
: a distinct treatment or variation
: an act or the action of taking: such as
Financial Definition of TAKE A FLIER
take a flier
What It Is
To take a flier means to invest in a highly risky asset or to try for the first time.
How It Works
John Doe starts his own business. He looks for angel investors to give him seed capital. One day, he meets Jane Smith, who decides to take a flier on John's business by investing $50,000.
Why It Matters
When an investor takes a flier, he or she takes a big risk. Sometimes that risk pays off; sometimes it doesn't. However, the willingness to take a flier is what turns ideas into reality -- and profit.
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