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

Tenants by Entireties (TEN ENT)

Joint ownership of property or securities by a husband and wife where, upon the death of one, the property goes to the survivor.

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