buyout

noun

1. The acquisition of a controlling interest in a business or corporation by outright purchase or by purchase of a majority of issued shares of stock.

   “The Central Intelligence Agency on Tuesday became the first major national security agency to offer so-called buyouts to its entire workforce, a CIA spokesperson and two other sources familiar with the offer said, part of President Donald Trump’s broad effort to shrink the federal government and shape it to his agenda.”

   “Those orders frustrated the administration’s attempt to bring a quick close to the so-called buyout offer.”

2. The use of grant monies to pay for another person to perform the usual duties, especially teaching duties, of someone engaged on the funded project.