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Meaning of buyback

buy•back

Pronunciation: (bī'bak"), [key]
— n.
  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 calleda repurchase by a company of its own stock in the open market, as for investment purposes or for use in future corporate acquisitions.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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