Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Repurchase
n. The act or an instance of buying something back or again; esp., a corporation's buying back of some or all of its stock at market price. - repurchase, ub. See REDEMPTION.
repurchase agreement
A short-term loan agreement by which one party sells a security to another party but promises to buy back the security on a specified date at a specified price. - Often shortened to repo.
repurchase price
See redemption price under PRICE.
stock repurchase
See REDEMPTION (3).
stock-repurchase plan
A program by which a corporation buys back its own shares in the open market, usu. when the corporation believes the shares are undervalued.