offtaking

Verb

offtake (third-person singular simple present offtakes, present participle offtaking, simple past offtook, past participle offtaken)

1. (transitive) To take off; take away, remove.
   • Of brothers and bairns, where the brightest of earth-joys
     She had hitherto had: all the henchmen of Finn
     War had offtaken, save a handful remaining, […]1892, Beowulf: An Anglo-Saxon Epic Poem, page 38
2. (transitive) To take out or remove commodities from a market, usually through purchasing them.
   • Obviously, it would be desirable for the parties to the interim offtake agreement to offtake their physical volumes in proportion to their dividend participation.1973, Multinational Corporations and United States Foreign Policy

See all 6 meanings of offtake