1. the repurchase of something by the original seller, especially a company’s repurchase of its own stock shares
Usage: business/finance
2. a program in which items are purchased back from consumers, often for safety or environmental reasons

Examples

• The company announced a $2 billion stock buyback program.
• Shareholders benefited from the buyback as it increased the value of remaining shares.
• The gun buyback program collected over 500 firearms from residents.
• Apple’s buyback strategy has returned billions to investors.
• The city organized a buyback event for old electronics.
• Many tech companies use buybacks to boost their stock prices.