One possible synonym for "share repurchase" is "share buyback." This term refers to a strategy whereby a company purchases some of its own shares in the open market, thereby reducing the total number of outstanding shares available to investors. Another synonym is "stock buyback," as this term describes the same concept of a corporation buying back some of its own shares. Other possible synonyms might include "share redemption" or "equity repurchase," both of which convey the idea of a company acquiring its own shares. Regardless of the specific term used, the goal of a share repurchase program is typically to increase shareholder value by reducing the overall supply of shares in circulation.