take sth out
phrasal verb with take verb [ T ] uk/teɪk/ ustook | taken
FINANCE, BANKING, MARKETING
to arrange and pay for insurance, a loan, an advertisement, etc.:
take out a loan/mortgage He took out a $44,000 startup loan.
They decided to take out extra life insurance.
take out an ad/advertisement They took out an ad in USA Today.
BANKING
to remove money from a bank account:
I had to take $10,000 out of a savings account in order to pay for the car.