1. the repurchase by a company of its own shares from shareholders
Usage: business; finance
2. programs where items are purchased back from consumers, often for recycling or safety reasons

Examples

• The tech company announced $10 billion in stock buybacks this quarter.
• Share buybacks often increase the value of remaining shares.
• Many investors view buybacks as a sign of corporate confidence.
• The gun buyback program collected over 500 weapons.
• Electronics buybacks help reduce electronic waste.
• The pharmaceutical company initiated buybacks of the recalled medication.