buyback

noun

buy·​back ˈbī-ˌbak 

: 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

Examples of buyback in a Sentence

Recent Examples on the Web

More:Churches in metro Detroit to turn guns into plowshares through buyback programs What is the penalty for violating an Extreme Risk Protection Order? —John Wisely, Detroit Free Press, 22 June 2024

Questions about the buyback can be directed to the Hoboken Police Department at 201-420-2100. —Brian Niemietz, New York Daily News, 30 May 2024

The Philadelphia Police Department boasts on its website of having collected 825 guns in buybacks since 2021. —John Kelly, CBS News, 16 May 2024

The country’s experience with letting the private sector run infrastructure has largely been a failure, as seen in the billions spent by the government on bailouts of water utilities after their privatization and on buybacks and dividends by the firms themselves. —Matthias Matthijs, Foreign Affairs, 30 Apr. 2024

Word History

First Known Use

1954, in the meaning defined above

Legal Definition

buyback

noun

buy·​back ˈbī-ˌbak 

: an act or instance of buying something back

especially : the repurchase by a corporation of shares of its own common stock on the open market