Meaning of the word buy-in in English

What does buy-in mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

buy-in

US /ˈbaɪ.ɪn/
UK /ˈbaɪ.ɪn/
"buy-in" picture

Noun

1.

the fact of an employee or other interested party accepting and supporting a plan or decision

Example:
We need to get everyone's buy-in for this new project to succeed.
The manager emphasized the importance of team buy-in for the new strategy.
2.

the money invested in a poker game or other gambling activity

Example:
The poker tournament had a high buy-in of $500.
He lost his initial buy-in within the first hour of playing.
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