Usually means: Acquire large quantities of something.
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We found 18 dictionaries that define the word buy up:

General (14 matching dictionaries)
  1. buy up: Merriam-Webster
  2. buy up: Collins English Dictionary
  3. buy up: Vocabulary.com
  4. buy-up: Wordnik
  5. buy up: Wiktionary
  6. buy up: Dictionary.com
  7. buy up: Rhymezone
  8. Buy Up: Dictionary of Phrase and Fable (1898)
  9. buy up: FreeDictionary.org
  10. buy up: Mnemonic Dictionary
  11. buy up: TheFreeDictionary.com
  12. buy up: Longman Dictionary of Contemporary English

Business (2 matching dictionaries)
  1. Buy-Up: Investopedia
  2. buy up: Legal dictionary

Miscellaneous (1 matching dictionary)
  1. buy up: Idioms

Slang (1 matching dictionary)
  1. buy up: Urban Dictionary

Definitions from Wiktionary (buy up)

verb:  (idiomatic, transitive) To buy the whole of; to purchase the entire stock of something.
verb:  (idiomatic, transitive) To buy whatever is available of something.
verb:  (idiomatic, transitive) To buy off; to pay in blackmail money or similar.

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