Normal course issuer bid (NCIB)

Definition:

Refers to a company's intention of buying back its own outstanding shares from the markets. It is subject to regulatory approval. The buying is usually spread over an extended period of time. It is often the case that acompanies do not carry through on their stated intentions in terms of the amount that they intend to buy.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Variable cost

A cost that is directly proportional to the volume of output produced. When production is zero, the variable cost is equal to zero.

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