the act of taking off, specifically relating to removing goods from a market by purchasing them
offtake in American English
(ˈɔfˌteik, ˈɑf-)
noun
a pipe or passage for conducting smoke, a current of air, or the like, to an uptake or downtake
Word origin
[1870–75; after v. phrase take off]This word is first recorded in the period 1870–75. Other words that entered Englishat around the same time include: Mafia, Victorian, asymmetric, fifth wheel, upgrade
Examples of 'offtake' in a sentence
offtake
There are offtake agreements signed now for all three products and the shares were up sharply.