Repurchases, also known as buybacks or share buybacks, refer to the process whereby a company buys back its own outstanding shares from investors. This strategy is employed for a variety of reasons, including returning excess earnings to shareholders, reducing the number of outstanding shares, and supporting the stock price. Other synonyms for repurchases include stock repurchases, stock buybacks, share repurchases, share buybacks, and equity buybacks. Regardless of the term used, the underlying purpose is to provide a way for companies to invest in their own business, enhance shareholder value, and signal confidence to the market.