take 1

take 1 definition - business

take 1

  1. To accept the price offered by a potential buyer.
  2. To seize assets: After the borrower had missed three payments, the used auto dealer took the vehicle he had sold her.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.