/buy"bak'/ , 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 called stock buyback . a repurchase by a company of its own stock in the open market, as for investment purposes or for use in future corporate acquisitions.
Also, buy-back .
[ 1960-65; n. use of the v. phrase buy back ]