takedown

noun
take·​down | \ ˈtāk-ˌdau̇n How to pronounce takedown (audio) \

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 How to pronounce takedown (audio) \

Definition of takedown (Entry 2 of 3)

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

take down

verb
took down; taken down; taking down; takes down

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

Most of the post-debate attention given to O’Rourke’s fellow Texan, Julian Castro, focused on the Obama administration Housing secretary’s attempted takedown of Joe Biden. Alex Shephard, The New Republic, "Second Tier in Top Form at Democratic Debate," 13 Sep. 2019 Now, with the FBI's takedown of an intercontinental Nigerian criminal network responsible for millions of dollars in annual losses, some think that the country and its citizens risk facing an unprecedented international backlash. David Hundeyin, CNN, "Opinion: FBI fraud busts dent Nigeria's global reputation," 29 Aug. 2019 Nvidia has acknowledged this is the reason for the driver's temporary takedown. Kyle Orland, Ars Technica, "New Nvidia driver update cuts latency down to the bone (Updated)," 20 Aug. 2019 Warren's takedown of Delaney (Photo: BRENDAN SMIALOWSKI, AFP/Getty Images) Throughout most of the debate, former Rep. John Delaney sought to cast Sens. Christal Hayes, USA TODAY, "Marianne Williamson on the 'dark psychic force', and other top moments of Tuesday's Democratic debate," 30 July 2019 After listening to the opening bell while touching his own fence, Masvidal took three running steps out of his corner and sailed directly into the face of Askren, who had ducked for a wrestling takedown. Greg Beacham, The Denver Post, "Amanda Nunes wins big, Jon Jones squeaks decision at UFC 239," 7 July 2019 And though much of the movement’s frustrations are left unexplored, the show still manages a strong takedown of the male ego — all while delivering consistant laughs and solid performances. Dave Quinn, PEOPLE.com, "Tony Awards 2019: All the Musicals Up for Best New Musical," 7 June 2019 Now that Frank and Dan had made a new final four deal, Dad had to get Danielle back on board by convincing her that his takedown of her at the funeral was all an act. Dalton Ross, EW.com, "Dan's funeral: An oral history of the greatest Big Brother moment ever," 29 Aug. 2019 The film is Bombshell, which chronicles the takedown of the late Fox News founder and CEO Roger Ailes. Sangeeta Singh-kurtz, Quartz at Work, "Bombshell might be the first great film about the Me Too movement," 27 Aug. 2019

Recent Examples on the Web: Adjective

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 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 clerk agreed to take down the sign & lower the price. Jennifer Brett, ajc, "Economists pan price gouging laws as Dorian nears," 4 Sep. 2019 After the ceremony, several firefighters from Glendale took down the posters and banner to take them back to their station. Andy Nguyen, Glendale News-Press, "Glendale students give thanks to firefighters who battled nearby brush fire," 30 Aug. 2019 The Bulldogs will scrimmage at Bowling Green on Friday, and the faulty light pole is scheduled to be taken down the same day. Jason Frakes, The Courier-Journal, "Faulty light pole puts Male football team in the dark and moves its practices to Seneca," 15 Aug. 2019 In the trailer, the Gelflings unite to take down the Skeksis and fight to protect their world. Jodi Guglielmi, PEOPLE.com, "Gelfling Heroes Fight to Save Thra in New The Dark Crystal: Age of Resistance Trailer," 13 Aug. 2019 That might be true if the goal is to take down the worst content. Timothy B. Lee, Ars Technica, "YouTube should stop recommending garbage videos to users," 12 Aug. 2019 Emily the Resistance Fighter: Emily is a member of Mayday, the resistance group working to take down Gilead from within. Elena Nicolaou, refinery29.com, "Why Emily's "Criminal" Track Record Puts Her At Risk Of Heading Back To Gilead In The Handmaid's Tale," 5 July 2019 When the president tweeted a not-so-veiled threat at North Korean dictator Kim Jong Un in September 2017, the company explained at the time that certain tweets — presumably Trump’s — are too newsworthy to take down. Kurt Wagner, Fortune, "Twitter to Attach a Warning Label to Tweets That Break the Rules from Trump and Other Leaders," 27 June 2019 Unfortunately a host of factors conspired to take down this once mighty festival and it was unceremoniously dissolved, left to fade into the state’s musical lore. Chip Mccabe, courant.com, "The Rose Arts Festival: Music all day, music all night, and so much in between. All of it free.," 24 June 2019

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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Learn More about takedown

Statistics for takedown

Last Updated

4 Oct 2019

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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