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putback

putback

9.4
A rule that makes a seller buy back defective loans or goods
  • noun
  • Formal
translation icon : recompra
  • The contract included a putback clause in case the goods were found to be defective.

Examples

  • The bank faced several putbacks due to misrepresented mortgage information.

  • After discovering errors in the loan documents, the investor initiated a putback process.

  • The contract included a putback clause for defective products.

  • Many manufacturers offer a putback option for unsold items.

  • The contract included a putback clause that required the seller to repurchase defective goods.

  • The investor pursued a putback following the discovery of inaccuracies in the loan documents.

  • The company implemented a putback policy to handle returns of defective securities.

Synonyms

buyback
vsputback
  • Specialized
13 5.9

An agreement where someone buys back something they sold before, often a company buying its own shares

is a contractual obligation rather than an optional corporate action
redemption
vsputback
  • Formal
5 6.0

Buying back something you sold or left with someone to get money

is a contractual obligation for the seller to take back defective loans or securities
repurchase
vsputback
3 4.9

Buying back something that was sold before

is a contractual obligation for the seller to take back defective items

Antonyms

to keep
∞ 1.0

To continue doing something or stay in the same state

Surface Forms

putback singular
putbacks plural

Morphology

putback = put (opaque) = back + put

The term 'putback' in a legal context is not directly derived from the meanings of 'put' and 'back'. [Postprocessing: moved 'back' from base_words to prefix]

Etymology

Putback comes from put ('place') and back ('again'), and in law or business it means the seller must 'take back' or buy again defective goods or loans, so the name shows the item is returned to its origin.