term:

Repurchase

repurchase vt

-chased
-chas·ing
: to buy back [ shares of stock]
n : the act or an instance of purchasing something again or back
;specif
: a corporation's buying back of some of its stock at market price (as to increase the amount of Treasury stock or as a preliminary step to going private)

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.