buy out the requirement

Sheriff

Senior Member
USA English & Spanish
Hi.

What does this mean?

"As an alternative, a player's family may 'buy-out' the requirement of volunteering by paying the sum of $50."

Or another one:
"You can buy out the requirement to have a phone line connected for £20 extra."

This one is worse:
"The plan was revised to buy out the requirement with major unit cost reductions resulting from this decision."


Trying to read between the lines, it seems to be that you pay in order to skip doing something. If any could confirm, I'd be most grateful.

Thanks,
 
  • pob14

    Senior Member
    American English
    At our kids' school, we have to buy a certain amount of gift cards each year. These are cards that give a percentage back to the school, to support capital improvements and such. If we don't want to buy the gift cards, we can make a cash contribution instead. This is called a "buy-out."

    So I'm familiar with the term from that context. I think it's becoming more common with school fundraising.
     
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