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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.


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.

References in periodicals archive ?
The court has ruled that the determination as to whether an insurer will be exempt from effecting the rollback rests with the Department of Insurance.
For example: statute of limitations [to ensure the ability to make corrective adjustments]; tax effect of specified expenses [to ensure reporting consistency]; ability to change a specific tax election [to avoid tax "gaming"]; permanent establishment [to confirm which tax regime applies]; and entrance into a closing agreement for earlier "rollback" years [to ensure consistent treatment, since resolution of rollback years is often part of the APA "package" negotiation].
The only way in which overly large mandated rollbacks could be justified is if it is presupposed that the insurance was "overpriced" in the first place.
The RollBack Rx Pro is a Windows-based data protection and real-time recovery software that allows corporate users to continuously protect their mission-critical data and quickly recover it in case of disasters, regardless of their technical skill levels.
Speculation is rife that there could be a rollback next week in the prices of gasoline and diesel products, possibly by less than P1 per liter.
Rollback Rx Pro comes in an Enterprise version that allows remote management of snapshots and rollbacks through an easy-to-use web interface.
We believe that the effect of the series of oil price rollbacks must also benefit our people in northern Mindanao by reducing the minimum PUJ (public utility jeepney) fare in their area," the statement quoted Ginez as saying.
medical schools dropped this year, most drastically in states affected by affirmative-action rollbacks.
When connected, any new updates, patches or rollbacks are automatically, and transparently, streamed to each user, ensuring they are always working with the latest version.
Rollbacks can be performed surgically at the file system level, targeting any administrator-selected combination of operating system files, program files, user registry settings, user data, or any other unique file sets deemed valuable to a specific IT infrastructure.
He noted price rollbacks implemented by six oil companies on Dec.
check for potential odometer rollbacks, check the safety and reliability of any car they're considering buying and access any of the service and repair records on their vehicles.