retractre·tract /rɪˈtrækt/ verb [transitiveT]1FINANCE if a company retracts bonds, shares etc, it takes them off the market by buying them back from investorsSYN RETIREIt will use its credit line to retract C$53.3 million in preferred shares.
2to make an official statement saying that something you said earlier is not trueA key witness hasretracted histestimony (=a statement in a law court) a year after the conviction.
—retraction noun [countableC, uncountableU]The retraction of its preferred shares will be completed as scheduled.
Some newspapers ran retractions of stories they had printed.