buy out verb5 •to purchase the entire stock or extent of something[…] the present Earl had no colour or pretence of right to the estate; and yet the appellants had thought fit to buy him out, […] — 1784 •to purchase the ownership of a company •To close someone's contract by paying him or her a sum of money, the terms of which are often stated in the contract itself. •To gain release for (a person) from military service by payment of money. •(slang, old-fashioned) To avoid a punishment or escape a difficult situation.You always manage to buy out at the last second. formsbought out · buying out · buys out