buyback

[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. 2014.
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Example sentences
It helps that the firm has raised its dividend and announced a big share
  buyback.
The clearest evidence of this is the return of the share buyback, a popular
  method of returning cash to investors.
The company said one reason for the buyback was to increase earnings per share
  by reducing the total number of shares outstanding.
And it said it would increase its buyback of shares.
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