From Longman Dictionary of Contemporary Englishbuy out phrasal verb1 BFS buy somebody/something ↔ out to buy someone’s share of a business or property that you previously owned together, so that you have complete control → buyout2 buy somebody out of somethingLEAVE A JOB OR ORGANIZATION to pay money so that someone can leave an organization such as the army before their contract has ended → buy→ See Verb table
Examples from the Corpus
buy out• The control contract must be registered and shareholders have three months after registration to demand to be bought out.• Suppose the students at Mercantile High develop a craving for Banana on a Stick and buy out his entire supply every afternoon.• But maybe bought out, or doing business in a very different way.• Ivy said the school did not buy out the contract but would negotiate some kind of severance package with Mumme.• If Richemont should buy out the Philip Morris stake it would trigger an obligation to bid for the rest of the shares.• Beard said federal officials had offered three years ago to buy out the whole town because it is prone to flooding.buy somebody out of something• But the financing was also put to questionable use -- to buy the district out of an operating deficit.• From the time she had bought the tickets out of her savings she had not been entirely free of fear.• But others want to limit Washington's ability to buy its way out of its domestic obligations.• I bought a candle out of necessity.• She soon realises that her power over men can be used to buy her way out of the kitchen.From Longman Business Dictionarybuy somebody/something → out phrasal verb [transitive]1FINANCEto buy all of someone’s shares in a business that you previously owned together, giving you complete controlThey plan to buy out the shares of all the other shareholders.2COMMERCEto buy a businessstaff who had tried to buy out the company to keep it working → see also buyout → buy→ See Verb table 