Is “Buyback” a Scrabble word?

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Yes
BUYBACK
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Valid

Meaning of Buyback

noun
  1. 1.The repurchase of something previously sold, especially of stock by the company that issued it.

  2. 2.A government purchase scheme intended to achieve a specific goal such as habitat protection or a reduction in firearm numbers.

  3. 3.A free drink given to a patron by a bartender.