Definitions
1.Verbto purchase the entire stock or extent of something
2.Verbto purchase the ownership of a company
3.VerbTo close someone's contract by paying him or her a sum of money, the terms of which are often stated in the contract itself.
4.VerbTo gain release for (a person) from military service by payment of money.
5.VerbTo avoid a punishment or escape a difficult situation."You always manage to buy out at the last second."