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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 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.
Our aggressive Rollbacks program is part of our commitment to save people money by creating hundreds of millions of dollars in savings for American families on the things that matter most such as grocery items," said Jack Sinclair, executive vice president of grocery, Walmart U.
The salary rollbacks are tied to the projected deep state budget deficits.
Horizon DataSys, a provider of cost-effective and reliable data protection solutions for corporate desktops and laptops, today announced the general availability of RollBack Rx Pro 8.
Walmart announces $50 to $100 Rollbacks on select HDTVs - savings that can help pay for the entire football party menu and more.
Educators at institutions outside the four states said they have witnessed rollbacks firsthand.
As a result, the delivery and maintenance of Windows applications across mid-to-large enterprises is greatly simplified, allowing many application updates, rollouts or rollbacks to be completed during normal business hours without the need for weekend or late night implementations.
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.
Retailer Will Cash Checks for Free and Focus On Compelling Rollbacks
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.
This is the third set of rollbacks in a series of price cuts on thousands of holiday items.