Share repurchase is essentially the re-purchase by an issuer of its shares. It represents an alternative to share dividends or liquidation. An IT buy back occurs when an issuer (in this case, a financial institution) is unable to meet its financial obligations.

Read more: https://ldasbiztips.com/it-and-telecommunication/it-solutions/is-an-itc-a-good-way-to-buy-back-your-bonds.html