offtakeEtymologyFrom Middle English oftaken, equivalent to off- + take.offtake means A point or channel of drainage or off-flow; offlet. Lexicurio rates it Sui generis — a strength score of 92 out of 100.nounA point or channel of drainage or off-flow; offlet.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.verbTo 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, […]”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.”