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Roll Back

To sell an option position and buy another with the same underlying asset and strike price, but with an earlier expiration date. One may also call this rolling backward.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


A retroactive claim for a higher ad valorem (property tax) rate when property is sold or put to a higher use than the one for which it was assessed.The rollback period can be as great as 10 prior years of recalculated taxes.

Example:  Farmer Brown owns 100 acres of land at the corner of a busy road used by almost all commuters in the area. The land is worth at least $200,000 an acre, but because of state law favorable to agricultural uses, it is appraised for tax purposes at only $10,000 an acre. Farmer Brown sells the land to Doris Developer, who is surprised when the real estate tax bill comes due
a few months later and there is a rollback for 5 years. Doris will owe 5 years of prior real estate taxes calculated on an appraised value of $200,000 per acre. In all likelihood, Farmer Brown had an innocent-sounding clause in his sales contract that said, “The parties will prorate real estate taxes as of the date of closing, except that seller shall not be responsible for any increase in taxes
as a result of the sale.” Without the clause, if they had simply agreed to pro-rate taxes (as most form contracts provide), then Farmer Brown might have to reimburse Doris Developer for over four years, worth of the taxes.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
'Because of the continuous rollback in the price of fuel, Secretary Tugade directed us to implement a motu proprio fare decrease,' Delgra said.
He said the prices of diesel is now at P46 to P47 per liter despite the rollbacks.
Earlier in the day, DMK working president, along with the representative of its allies, protested in Chennai Kolathur demanding a rollback of bus fare hike.
Correction: An earlier version of this story was incorrect about the rollback election threshold in the House version of Senate Bill 2; as it came out of committee, the bill would leave that threshold where it is now - at 8 percent.
Obviously, the court did not intend the mere question of solvency to be the benchmark, or it would have let the rollback provision stand as it was.
Asked what would be the BJP response if the government only offers to defer the decision on the pretext of making changes in the policy, Swaraj said her party was firm on its stand on rollback of FDI in multi-brand retail but would see what the UPA states on Wednesday before taking a decision.
However, due to political compulsions, he is expected to promise the Trinamool delegation a partial rollback and promise not to hike the price of diesel and LPG.
We understand that additional reductions may have to be deferred until fiscal conditions improve, but a permanent rollback of the rates to 2001 levels implies a harsh, even anti-business, climate.
But environmentalists will not surrender "America's Serengeti" without an intense fight that will recall many similar encounters, such as the confrontation over unhindered logging in the days of Reagan-era Interior Secretary James Watt, and the environmental rollbacks that were part of former House Speaker Newt Gingrich's "Contract With America."
This was the announcement of LTFRB Chairman Martin Delgra on Monday, saying that the order of fare rollback may be released within the day.
Summary: Lucknow (Uttar Pradesh) [India] Dec 20 (ANI): As the Bahujan Samaj Party (BSP) demanded rollback of the anti-organised crime bill Uttar Pradesh Control of Organised Crime Act (UPCOCA); the government tabled it in the Assembly on Wednesday.
All airline companies in the country confirmed a rollback on their ticket prices.gDOUBLE-H STOCK PHOTO