Meaning of “snapback” in the English Dictionary

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"snapback" in Business English

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snapbacknoun [ S ]

also snap-back uk /ˈsnæpbæk/ us informal

STOCK MARKET a quick return to a previous condition or situation:

Current economic conditions preclude a strong snapback.
We had a nice snap-back from yesterday's late sell-off and managed to hold gains.
We may be seeing some delay in the snapback in housing because people believe that the rates may go lower.

(Definition of “snapback” from the Cambridge Business English Dictionary © Cambridge University Press)