Normal course issuer bid (NCIB)
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.
Nearby TermsNormal annuity form Normal backwardation theory Normal course issuer bid (NCIB) Normal deviate Normal Distribution
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University