1.
If you take something out, you remove it permanently from its place.
I got an abscess so he took the tooth out...
When you edit the tape you can take out the giggles.
PHRASAL VERB: V n P, V P n (not pron)
2.
If you take out something such as a loan, a licence, or an insurance policy, you obtain it by fulfilling the conditions and paying the money that is necessary.
They find a house, agree a price, and take out a mortgage through their building society.
PHRASAL VERB: V P n (not pron)
3.
If you take someone out, they go to something such as a restaurant or theatre with you after you have invited them, and usually you pay for them.
Jessica's grandparents took her out for the day...
Reichel took me out to lunch.
...a father taking out his daughter for a celebratory dinner.
PHRASAL VERB: V n P, V n P to n, V P n (not pron)