The term 'buys back' can be defined as 'redeems' and is composed of seven letters. It is a financial term that refers to the process of a company or individual repurchasing its own stock from the market. This is usually done to increase the ownership percentage of the company or individual, and it can also be used to reduce the amount of outstanding shares in the market. Buying back stock can also be used to increase the value of the remaining shares by reducing the supply.