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What does whitemail mean?

Looking for the meaning or definition of the word whitemail? Here's what it means.

Noun
  1. (business) A tactic to resist hostile takeover, in which the target company sells discounted stock to a friendly third party
  2. Persuasion based on positive rather than negative effects
Verb
  1. To persuade
  2. (ironic) Of a white person: to carry out blackmail.
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