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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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Annex


Synonyms:aquire, take
Filed Under: financial-banking, legal-contracts, real-estate
Tags: banking, contract, legal, realty
 

Definition of annex

annex
1. To incorporate something into another larger thing. Often used in relation to territories and countries when one area is integrated into another entity. For example, in 1990, Kuwait was annexed by Iraq for a time before being liberated by a United States led coalition. Annexation is used colloquially to refer to expropriation (or eminent domain), which is the seizing of land to the government for public use.

Related Terms and Acronyms:

  • backflip takeover   A form of takeover where the purchasing company becomes a subsidiary of the purchased company.
  • condemnation   The act of condemning (as land forfeited for public use) or judging by a government to be unfit for use.
  • consolidate   To merge multiple things into one single thing.
  • expropriation   The seizing of property to the government or other party for public use or economic development.
  • friendly takeover   When a company purchases another and both parties' management approve.
  • hostile takeover   When a company purchases another but the target company's management does not approve.
  • reverse takeover   The purchase of a public company by a private company, often to avoid the IPO process.
  • takeover   The purchase of a company by another.

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