WHITE KNIGHT Meaning and
Definition
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White knight refers to a metaphorical term used to describe an individual or entity, typically a corporation or affluent individual, who intervenes in a situation, often a financial one, with the intention of providing rescue and assistance to another party, usually a company, in order to prevent its failure or to safeguard it from a hostile takeover. This term is derived from the classic notion of a chivalrous knight who would come to the aid of someone in distress.
In the business world, a white knight is often seen as a savior or hero, as they step in to defend a struggling or vulnerable entity against unsolicited acquisition attempts by hostile parties, commonly referred to as black knights. A white knight can negotiate beneficial terms and inject capital into the struggling company, hence facilitating its survival or recovery.
The actions of a white knight can be motivated by various factors such as financial gain, protecting shared business interests, or preserving a positive corporate image. They may engage in negotiations, and if successful, may acquire the distressed company in a friendly takeover process, with the intention of restructuring and rejuvenating it. However, the term can also carry negative connotations, as some perceive white knights to exploit vulnerable companies or engage in predatory practices under the guise of assistance.
Overall, a white knight is an entity that strategically takes action to rescue or protect another company from adverse circumstances, often through acquisition, in order to ensure its continued viability and success.
Common Misspellings for WHITE KNIGHT
- qhite knight
- ahite knight
- shite knight
- ehite knight
- 3hite knight
- 2hite knight
- wgite knight
- wbite knight
- wnite knight
- wjite knight
- wuite knight
- wyite knight
- whute knight
- whjte knight
- whkte knight
- whote knight
- wh9te knight
- wh8te knight
- whire knight
- whiteknight
Etymology of WHITE KNIGHT
The term "white knight" originated from medieval literature and reflects the concept of a chivalrous knight in shining armor. It is derived from the Old English word "hwit", which means "white", and the Old Norse word "knecht", meaning "servant" or "knight". In the context of literature and folklore, a white knight was often portrayed as a heroic figure who would save damsels in distress and champion justice and righteousness. Over time, the term "white knight" has evolved to have a broader meaning and is often used to describe someone who intervenes or defends others, particularly in online communities and discussions.
Idioms with the word WHITE KNIGHT
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a white knight
The idiom "a white knight" typically refers to a person who selflessly comes to someone else's aid or defends them, especially in a chivalrous or heroic manner. It derives from the medieval concept of a knight in shining armor, symbolizing bravery and rescuing those in need. In a broader context, it can also describe someone who intervenes or takes action to help resolve a situation or stand up for what they believe is right.
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white knight
A "white knight" is a person or entity that comes to the rescue or aid of someone in a difficult situation, often to protect their reputation or prevent harm.
Similar spelling word for WHITE KNIGHT
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