Black knight

 
Investment Dictionary:

Black Knight

A company that makes a hostile takeover offer on a target company.

Investopedia Says:
An allusion to the fairytale villains, this term demonstrates how a targeted company sees its adversary. Fairytale black knights are associated with kidnapping princesses, slaying peasants, burning villages, and generally having unpleasant personalities.

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Wikipedia: Black knight


A black knight is a soldier or knight who either is not bound to a specific liege or does not want his liege, or himself, to be identified and so does not bear any heraldic standards or has blackened them out.

Since heraldic standards were carefully regulated by one official body or other (such as the Scottish Lord Lyon King of Arms or the English College of Arms), a fighting man who had not obtained a standard (through inheritance or endowment by a liege) would have no colors or devices to represent him. These would-be knights were often freelance soldiers. Because they usually lacked a squire or page to care for their armor, they would paint it black to prevent rust. An experienced and equipped soldier without a specific fealty was a wild card and an organized force of them could pose a serious problem for kings. This sort of dispossessed status ran contrary to the entire system of feudalism and this condition was looked upon with disfavor. This disfavoring viewpoint is a contributing factor towards the pejorative usage of the term.

The more commonly used, and negative reference, is that of a soldier or knight who has purposely hidden their standards. Knights involved in risky political intrigues or activities unbecoming of a man of station would blacken their shields so as to not be easily identified.

In fiction

The last quality of the Black Knights (survived in later pop culture, fairytales and fantasy stories) is that Black Knights are solitary knights; master fighters but usually evil. They sometimes appear to have supernatural powers or serve a wizard. The first appearance of such a character was The Black Knight in Arthurian legend.[citation needed] This use of the Black Knight has turned them into something of a stock character.

In Sir Walter Scott's Ivanhoe, King Richard wears black armor and initially goes by "le Noir Fainéant", meaning "the black sluggard."

In Monty Python and the Holy Grail, there is a scene involving The Black Knight which has now become one of the most famous sketches from the film.


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