Visszavételre

Visszavételre is a Hungarian term that translates to "repurchase" or "buyback" in English. It generally refers to the act of an entity, typically a company, buying back its own issued securities, such as shares or bonds. This can be done for various strategic reasons.

Companies might engage in a buyback program to reduce the number of outstanding shares, which can increase earnings per share and potentially boost the stock price. Another common motivation is to return excess cash to shareholders in a tax-efficient manner compared to a dividend distribution. Buybacks can also signal management's confidence in the company's future prospects, suggesting they believe the stock is undervalued.

In the context of bonds, a visszavételre by the issuer means they are buying back their debt before its maturity date. This might be done if interest rates have fallen, allowing the company to refinance its debt at a lower cost. It can also be a way to manage the company's debt structure or to take advantage of favorable market conditions.

The term visszavételre can also be used in a broader sense to describe the reclaiming or taking back of something that was previously given or sold. However, in financial and economic contexts, its primary meaning relates to the repurchase of securities. The specific implications and legality of visszavételre are governed by relevant financial regulations and company policies.