Definition of recaps:
(n) :
A recapitulation.
(v) :
To recapitulate.
(v) :
To seal (something) again with a cap.
(v) :
(Canada, US) To replace the worn tread on a tire by gluing on a new outer portion.
(n) :
A tire that has had new tread glued on.
(n) :
A leveraged recapitalization accomplished by increasing the debt to equity ratio.