A more thorough explanation:

Definition: Repurchase is the act of buying something back or again. It can refer to a corporation buying back some or all of its stock at market price, which is also known as redemption.

Examples:

• A company may repurchase its own shares of stock from investors who want to sell them.
• John sold his car to his friend, but later decided he wanted it back and offered to repurchase it.

The first example illustrates the definition of repurchase in a corporate context. When a company repurchases its own stock, it reduces the number of shares available to the public and can increase the value of the remaining shares. The second example shows how an individual can also repurchase something they previously sold, in this case a car.