takedown

noun
take·down | \ ˈtāk-ˌdau̇n \

Definition of takedown 

(Entry 1 of 3)

1 : the action or an act of taking down

2 : something (such as a rifle) having takedown construction

takedown

adjective
take·down | \ ˈtāk-ˈdau̇n \

Definition of takedown (Entry 2 of 3)

: constructed so as to be readily taken apart a takedown rifle

take down

verb

Definition of take down (Entry 3 of 3)

transitive verb

1 : to lower without removing took down his pants

2a : to pull to pieces take down a building

b : disassemble take a rifle down

3 : to lower the spirit or vanity of

4a : to write down took down some notes

b : to record by mechanical means

intransitive verb

: to become seized or attacked especially by illness

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Examples of takedown in a Sentence

Verb

there's no need to take us down by making fun of our clothes electricians will take down all the lights for the set after the play has finished its run

Recent Examples on the Web: Noun

The officer executed a takedown and along with other officers attempted to handcuff Philibert, police said. Staff Report, chicagotribune.com, "Norridge and Harwood Heights police reports," 13 July 2018 As a mayoral candidate, Breed backed Mayor Mark Farrell’s aggressive takedown of tent camps. Matier & Ross, SFChronicle.com, "London Breed stepping in as mayor of an unsettled city," 11 July 2018 The Daily Show with Trevor Noah’’ devote much of their time to comedic and serious takedowns of Trump and his policies. Emily Yahr, BostonGlobe.com, "Jimmy Fallon tried to stay out of politics. But Trump sucked him in," 25 June 2018 Video shows takedown of grandmother A Facebook post went viral alleging officers roughed up an 84-year-old stroke survivor and grandmother on Feb. 14, 2018. Arizona Republic, azcentral, "These 6 body-cam videos have put Mesa police in national spotlight," 15 June 2018 Bloom had dealt with controversy before, especially after the O’Reilly ouster, which generated death threats and frequent takedowns on Fox News. Bryan Smith, Los Angeles Magazine, "How Lisa Bloom Bounced Back From Defending Harvey Weinstein," 8 June 2018 Hines was dominant all tournament long, giving up just one takedown and just five points total in seven matches. Brant Parsons, OrlandoSentinel.com, "Five Florida wrestlers win national titles," 25 Mar. 2018 The arrests came as part of an annual fraud takedown overseen by the Justice Department. NBC News, "U.S. charges hundreds in major health care fraud, opioid crackdown," 28 June 2018 Apparently, Cyrus thinks Clay is kind of a badass, thanks to his takedown of Bryce last year. refinery29.com, "R29 Binge Club: 13 Reasons Why, Season 2," 18 May 2018

Recent Examples on the Web: Adjective

The Wayback Machine generally adheres to the standards of the Oakland Archive Policy, a template for the use of librarians and archivists in evaluating takedown requests developed at UC Berkeley and first published in 2002. Maria Bustillos, Longreads, "The Internet Isn’t Forever," 20 Feb. 2018 Volkanovski gets a takedown 30 seconds in and goes right back to work. Todd Martin, latimes.com, "Alexander Volkanovski vs. Jeremy Kennedy live round-by-round coverage," 11 Feb. 2018 The five publishers will be sending takedown notices, according to the group. Dalmeet Singh Chawla, Science | AAAS, "Publishers take ResearchGate to court, alleging massive copyright infringement," 6 Oct. 2017

Recent Examples on the Web: Verb

The flag was taken down at KU and moved to an indoor exhibit at KU’s Spencer Museum of Art on Wednesday after Kansas Gov. Jeff Colyer and other Republicans called it disrespectful. Katy Bergen, kansascity, "Controversial flag removed at KU is flying in KC Crossroads," 12 July 2018 At a center in New Haven, the Sakyong’s photo has been taken down. Andy Newman, New York Times, "The ‘King’ of Shambhala Buddhism Is Undone by Abuse Report," 11 July 2018 About 800 trees were taken down at Wharton Brook, according to Collibee. Gregory B. Hladky, courant.com, "'Unfortunately, Mother Nature Took It Away.' Sleeping Giant State Park Remains Unrecognizable As Storm Cleanup Continues," 11 July 2018 His banner has been taken down off of the side of this building. Fox News, "Trump eyes even higher tariffs as China trade war escalates," 7 July 2018 Halsey’s has been taken down, but the picture can still be found on G-Eazy’s page. Connor Whittum, Billboard, "A Timeline of Halsey & G-Eazy's Relationship," 6 July 2018 The sign was taken down about an hour after being discovered. Washington Post, "Protester’s climb shuts down Statue of Liberty on July 4," 6 July 2018 The sign was taken down about an hour after being discovered. Jennifer Peltz And Jake Pearson, The Christian Science Monitor, "Protester climbs up Statue of Liberty in defense of border families," 5 July 2018 The sign was taken down about an hour after being discovered. Doug Stanglin, USA TODAY, "Statue of Liberty protester is immigrant active in resisting Trump policy," 5 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'takedown.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of takedown

Noun

1858, in the meaning defined at sense 1

Adjective

1893, in the meaning defined above

Verb

14th century, in the meaning defined at sense 2a

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Statistics for takedown

Last Updated

6 Sep 2018

Look-up Popularity

Time Traveler for takedown

The first known use of takedown was in the 14th century

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More Definitions for takedown

takedown

noun

Financial Definition of takedown

What It Is

The takedown is the price that an underwriter pays for a new issue.

How It Works

When a company decides it wants to issue stock, bonds or other publicly traded securities, it hires an underwriter to manage what is a long and sometimes complicated process.

To begin the offering process, the underwriter and the issuer first determine the kind of offering the issuer needs. Let's say Company XYZ wants to sell shares via an initial public offering (IPO). After determining the offering structure, the underwriter usually assembles what is called a syndicate to get help managing the minutiae (and risk) of particularly large offerings. A syndicate is a group of other investment banks and brokerage firms that commit to sell a certain percentage of the offering (this is called a guaranteed offering because the underwriters agree to pay the issuer for 100% of the shares, even if they can’t sell them all).

After the syndicate is assembled, the issuer files an SEC Form S-1, which is also called a prospectus and discloses all material information about the issuer. Prospectus in hand, the underwriter then sets to selling the securities. Because there may not be a firm offering price at the time, purchasers usually subscribe for a certain number of shares. This process lets the underwriter gauge the demand for the offering.

Once the issuer and the underwriter agree on how to price the securities and the SEC has made the registration statement effective, the underwriter calls the subscribers to confirm their orders. If the demand is particularly high, the underwriter and issuer might raise the price and reconfirm this with all the subscribers.

Once the underwriter is sure it will sell all of the shares in the offering, it closes the offering. Then it purchases all the shares from the company (if the offering is a guaranteed offering). This purchase price is called the takedown. The issuer receives the proceeds minus the underwriting fees.

The underwriters then sell the shares to the subscribers at the offering price.

Why It Matters

The takedown price is like a wholesale price. It is important to note that although the underwriter influences the initial market price of the securities, once the subscribers begin selling, the free-market forces of supply and demand dictate the price.

Underwriters grease the skids for bringing securities to market. For example, if XYZ Company shares had a public offering price of $10 per share, XYZ Company might only receive $9 per share if the takedown is $9 per share. The $1 spread compensates the underwriter and syndicate for three things: negotiating and managing the offering; assuming the risk of buying the securities if nobody else will; and managing the sale of the shares. Making a market in the securities also generates commission revenue for underwriters.

As we mentioned earlier, underwriters take on considerable risk. Not only must they advise a client about matters large and small throughout the process, they relieve the issuer of the risk of trying to sell all the shares at the offer price. Underwriters often mitigate this risk by forming a syndicate whose members each share a portion of the shares in return for a portion of the fee.

Underwriters work hard to determine the "right" price for an offering, but sometimes they "leave money on the table." For example, if XYZ Company prices its 10-million-share IPO at $10 per share but the shares trade at $30 two days after the IPO, the underwriter probably underestimated the demand for the issue. As a result, XYZ Company received $150 million (less underwriting fees) when it could have possibly fetched $300 million.

Source: Investing Answers

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