snapback

/ˈsnæpˌbæk/
noun
  1. A type of baseball cap with a flat brim and an adjustable plastic strap at the back that snaps together.
    • He wore a red snapback with his favorite team's logo.
    • She adjusted the snapback to fit her head snugly.
    • Snapbacks became popular again in the 2010s as a retro fashion trend.
  2. A quick return or recovery to a previous state, especially in business, sports, or economics.
    • The team's snapback in the second half surprised everyone.
    • The stock market experienced a snapback after the initial drop.
    • Economists predict a snapback in consumer spending next quarter.