CORPORATE REPURCHASE

Used in the context of general equities. Active buying by a corporation of its own stock in the marketplace. Reasons for doing so include putting unused cash to use, raising E.P.S. , creating support for their stock price, increasing internal control ( shark repellant ), stock for E.S.O.P. or pension plans. Subject to rules, such as that buying must be on a zero minus or a minus tick, after the opening and before 3:30 p.m.