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buyback

noun

buy·​back ˈbī-ˌbak How to pronounce buyback (audio)
: the act or an instance of buying something back
In Boston and other cities, gun buyback programs dramatically call attention to the profusion of firearms among the young … Diane Weathers
Talks of a potential buyback come as Volkswagen and federal regulators discuss ways to bring the more than half-million affected Volkswagen cars in the US up to current emissions standards. Bryan Logan
especially : the repurchase by a corporation of shares of its own common stock usually on the open market
Most corporate buybacks involve a repurchase by a company of part of its outstanding common stock at a fixed price, which is normally sufficiently higher than the market price to attract the desired number of shares. Leonard Sloane
This stock buyback boom, while obscure to much of the public, has become one of the most pervasive and divisive practices in corporate America. Michael Kranish

Example Sentences

Recent Examples on the Web So, what’s a stock buyback, and why do companies undertake them? The Editors, National Review, 11 Aug. 2022 Twitter also announced a $4 billion stock buyback, its first since the company announced a $2 billion program in March 2020. Salvador Rodriguez, WSJ, 10 Feb. 2022 Jack in the Box, which hasn’t bought back stock since the quarter ended October 2021, has $200 million remaining under a buyback program that is set to expire in November 2023. Mark Maurer, WSJ, 19 Aug. 2022 That’s on top of an $8.3 billion buyback program announced in the first quarter. Mariana Durao, Bloomberg.com, 28 July 2022 Indeed, management has been a net buyer of shares over the past year (purchasing 9 million shares for $1.3 billion in the second quarter) while the board recently approved an additional buyback program worth another $3 billion. John Buckingham, Forbes, 12 Aug. 2022 For the first time in two decades, the Kane County Sheriff’s Office will host a gun buyback program, offering people a chance to turn in their guns in exchange for a $100 gift card. Megan Jones, Chicago Tribune, 11 Aug. 2022 That, as well as expectations that the company may launch another buyback program later this year, have helped its shares gain about 5% this year. Takahiko Hyuga, Fortune, 8 Aug. 2022 JPMorgan halted its buyback program in July, signaling a more cautious outlook as the economy flirts with recession. Nicole Goodkind, CNN, 3 Aug. 2022 See More

Word History

First Known Use

1954, in the meaning defined above

Time Traveler
The first known use of buyback was in 1954
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