abuttal
n. C2 Proficiency abut·tal
n. a legal term for the act of a person or company taking over another business by buying all its assets. It is an old word that people rarely use today.
n. the acquisition of a business or company by purchasing all of its assets. Archaic in modern legal practice; typically replaced by 'acquisition' or 'takeover'.
The abuttal of the small firm was a quiet event.
The abuttal of the failing bank was completed without any public announcement to avoid market panic.
Historical records of the abuttal provide insight into the legal strategies used by early industrialists to consolidate their power over local competitors.
From abut + -al.