offtake noun 4verb 2forms 4 noun4 •The removal of oil (or an industrial chemical) from a storage facility. •An act of taking off; specifically, the taking away or purchase of goods. •Something taken off; a deduction. •A point or channel of drainage or off-flow; offlet. verb2 •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 •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 formsofftook · offtaken · offtaking · offtakes
