/tayk"euh way'/ , n.
1. something taken back or away, esp. an employee benefit that is eliminated or substantially reduced by the terms of a union contract.
adj.
2. of or pertaining to what is or can be taken away: a list of takeaway proposals presented by management.
3. Chiefly Brit. takeout (def. 7).
Also, take-away .
[ 1930-35 for earlier sense "train car for carrying logs"; 1960-65 for def. 2; TAKE + AWAY ]