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war chest definition - finance
Liquid assets set aside by a company that is planning a takeover of another company or planning its defense against an unwanted takeover. Typically, market talk may refer to an acquisition target as having a large war chest, meaning that the company will be expensive to takeover.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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