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repurchase
[ ree-pur-chuhs ]
noun
- the act of repurchasing.
adjective
- of or relating to repurchase:
a repurchase contract.
repurchase
/ riːˈpɜːtʃɪs /
verb
- to buy back or buy again goods, securities, assets, etc
noun
- an act or instance of repurchasing
Other Words From
- re·purchas·er noun
Word History and Origins
Origin of repurchase1
Example Sentences
TKO said it will have a share repurchase program of up to $2 billion on its Class A common stock and a $75-million quarterly cash dividend program.
Over the next two years, U.S. companies spent a record $1.3 trillion repurchasing and retiring their own stock, a 50% jump from the prior two years.
These so-called repurchases allow companies to “retire” shares, or take them off the market, a way to make up for new shares created for top executives to boost their pay packages.
It plans to repurchase more than $20 billion in shares in the first three years.
With no major acquisitions in sight, Berkshire’s cash pile climbed to a record $188.993 billion even after it spent $2.6 billion repurchasing shares during the first three months of the year.
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