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Definition of poison pill noun from the Oxford Advanced Learner's Dictionary

poison pill

noun
 
/ˌpɔɪzn ˈpɪl/
 
/ˌpɔɪzn ˈpɪl/
(informal, business)
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  1. a form of defence used by a company to prevent, or to reduce the effect of, a takeover that they do not want, for example by selling some of their important possessions
See poison pill in the Oxford Advanced American Dictionary
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