noun Act of taking off; specif., the taking off or purchase of goods. noun Something taken off; a deduction. noun A channel for taking away air or water; also, the point of beginning of such a channel; a take-off.

What does offtake mean?

1 : the act of taking off: such as. a : the taking off or purchase of goods. b : the amount of goods purchased during a given period.

What does product offtake mean?

An offtake agreement is an arrangement between a producer and a buyer to purchase or sell portions of the producer's upcoming goods. It is normally negotiated before the construction of a factory or facility to secure a market and revenue stream for its future output.