What does "buyback" mean?
The repurchase of something previously sold, especially of stock by the company that issued it.
noun ·2 syllables ·Rare ·Advanced level
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"Infosys Ltd., Bengaluru-based tech services and digital transformation firm, has announced its biggest-ever share buyback of ₹18,000 crore at a 19% premium, as per a regulatory filing it made in the late evening on Thursday. […] This is Infosys' 5th buyback. Earlier, it had announced buybacks worth ₹13,000 crore in 2017, ₹ 8,260 crore in 2019, ₹9,200 crore in 2021 and ₹9,300 crore in 2023."
"Apple's share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares."
The repurchase of something previously sold, especially of stock by the company that issued it.
Common synonyms include: repurchase, bond buyback, debt repurchase, redemption, share repurchase.
Apple's share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares.
Deverbal from buy back.