buybackn.
/ˈbʌɪbak/, U.S. /ˈbaɪˌbæk/ Originally U.S.
1. The buying-back or repurchase of something by the original owner or vendor, often by contractual agreement; (later also) the mandatory or voluntary purchase of something from an existing owner, typically by the government or another authority. Frequently as a modifier.Recorded earliest in buy-back game n.
ΘΠ
society > trade and finance > buying > [noun] > buying back or redeeming
redemption1469
rechacea1500
repurchase1598
buy-back1954
society > trade and finance > buying > [adjective] > relating to buying back or exchange
redemptory1584
redemptionary1623
see-safe1926
buy-back1954
1900 Billboard 15 Sept. 9/2 Southern inter-state fair Atlanta.., 6 open days. Attendance, 15,000... No ‘grafts’ or buy-back games allowed.
1903 Billboard 2 May 24/2 (advt.) K. of P. and Merchants' Carnival... Can use a few more first-class shows. Will sell exclusive to all legitimate concessions... No buy back: no sure-thing gambling or grafters.
1903 Savannah (Georgia) Morning News 6 Nov. 7/4 With the exception of several buy-back games nothing was found by the ministers which was included in the prohibited games.
1954 Wall St. Jrnl. 7 May 1/4 This buy-back policy, which includes repurchase of Sheaffer goods involved in cut-price close-out sales, is aimed at protecting merchants who follow the company's ‘fair trade’ policies.
1971 Times 22 Feb. (Canada Suppl.) p. ii/2 There is also a lobby..which favours a buy-back policy from United States and other foreign interests in Canadian industry.
2019 San Angelo Standard-Times 25 Aug. 5 b/2 Some of the Democratic presidential hopefuls are..advocating mandatory buybacks of assault-style rifles already in circulation.
2. Finance.
a. The repurchase by a company, country, etc., of its bonds or other debt securities, typically at a substantial discount, thus reducing its immediate liabilities and the cost of its borrowing.
Π
1932 Washington Post 8 Jan. 6/6 (headline) All Europe now seen playing ‘buy back’ debt bond system.
1973 Boca Raton (Florida) News 18 Dec. 6 a/8 Debt ‘buy-back’ operations will make companies and investors their biggest killings in 1974.
1990 Austral. Financial Rev. (Nexis) 25 June 49 Mexican debt negotiator Mr Jose Angel Gurria said buybacks could solve Latin America's $US440 billion debt ‘once and for all’ and urged rich nations to lend funds for that purpose.
2015 Financial Times 5 Feb. 14 With interest rates low, company after company is taking to the debt markets to fund repurchase programmes. Buybacks are at the highest level in more than five years.
b. The repurchase by a company of its own common stock or ordinary shares. Frequently as a modifier.A stock buyback is often undertaken with the intention of raising the price of the shares that remain in the market, as a defensive strategy against a takeover bid, or as a way of returning money to shareholders outside of dividend payments.
ΘΠ
society > trade and finance > stocks and shares > [noun] > specific operations or arrangements > share-buying activities
subscribing1762
flyer1846
bearing1849
stagging1851
take-up1865
bear covering1881
straddle1883
portfolio investment1929
short covering1930
support buying1932
foreign portfolio investment1951
corporate raiding1957
leveraged1957
tender offer1964
buy-in1968
management buyout1977
bought deal1981
greenmail1983
MBO1986
bimbo1991
1935 News-week 3 Aug. 31/3 SEC investigators again testified to heavy partial payment sales at top prices and subsequent buy-backs.
1966 Financial Post (Canada) 19 Nov. 4/1 (headline) Wind of change blows on share buy-back law.
1985 Observer 6 Jan. 19/5 There were straightforward ‘buybacks’ of shares by companies which felt their shares were undervalued in a mostly flat market.
2006 K. W. Bender Moneymakers v. 126 A large-scale buyback program of its own shares was taken as a sign that the management of De La Rue no longer had a concept.
Compounds
buyback agreement n. an agreement by which something is sold but the vendor retains the right to buy it back at a later date; esp. (Finance) a contract in which the vendor of a security agrees to repurchase it from the buyer, usually on a specified date and at a specified price.Cf. repurchase agreement n.
Π
1906 Commerc. Appeal (Memphis, Tennessee) 14 Sept. 7/3 (advt.) All details for opening a charge account are given in our booklet ‘About Diamonds’. It also explains our Exchange and Buy-back agreements.
1918 Amer. Poultry Advocate Aug. 542/1 (advt.) I am going to sell 100 first-class Registered Does of these two breeds [of rabbit] on a buy back agreement.
1982 G. C. Hill & J. S. Holman Chem. in Context: Lab. Man. & Study Guide 160/2 Part of the original licensing deal was a buy-back agreement by the Western European contractor.
2021 Impact Financial News (Nexis) 20 Mar. There are a further 2,240,000 shares..held by shareholders who have not yet entered into buy-back agreements.
buy-back game n. U.S. rare a type of fairground gambling game in which non-monetary prizes are offered to players on the (typically misleading) understanding that the organizer of the game will offer to buy back with cash any prizes that are won.
Π
1900 Billboard 15 Sept. 9/2 Southern inter-state fair Atlanta.., 6 open days. Attendance, 15,000... No ‘grafts’ or buy-back games allowed.
1903 Savannah (Georgia) Morning News 6 Nov. 7/4 With the exception of several buy-back games nothing was found by the ministers which was included in the prohibited games.
1964 Billings (Montana) Gaz. 29 July ii. 17/2 Doubling, multiplying or buy-back games will not be allowed.
This entry has been updated (OED Third Edition, December 2022).
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n.1900