buy·back

[bahy-bak]
noun
1.
the buying of something that one previously sold.
2.
any arrangement to take back something as a condition of a sale, as by a supplier who agrees to purchase its customer's goods.
3.
Also called stock buyback. a repurchase by a company of its own stock in the open market, as for investment purposes or for use in future corporate acquisitions.
Also, buy-back.


Origin:
1960–65; noun use of the verb phrase buy back

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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WordNet
buyback

noun
the act of purchasing back something previously sold [syn: redemption
WordNet® 3.0, © 2006 by Princeton University.
Cite This Source
00:10
Buyback is always a great word to know.
So is lollapalooza. Does it mean:
a scrap or morsel of food left at a meal.
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
Example sentences
Inconsistent calculation of the vacation buyback benefit resulted in apparent
  overpayment to an executive staff member.
And it said it would increase its buyback of shares.
It helps that the firm has raised its dividend and announced a big share
  buyback.
No single point in the buyback process is a better indicator than another in
  determining that a vehicle is nonconforming.
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