Words / S / Law

shelf takedown

noun

C2CEFR level
92/100Rarity: very rare
TechnicalRegister

An offering of securities drawn down from a previously effective shelf registration.

With the shelf already effective, we can price a takedown overnight the moment the window opens.

Similar: drawdown

Topic: Banking & finance law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Banking & finance law