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buyback definition

☆ buy·back (bī′bak′)

noun

  1. an agreement to buy something in return, as by a supplier to buy its customer's product
  2. a sale whereby something sold is repurchased from the buyer by the seller or original owner
  3. Finance the buying by a corporation of its own stock in the open market in order to reduce the number of outstanding shares

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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