repo

repo
An agreement between a seller and a buyer, usually in U.S. government securities, in which the seller agrees to buy back the security at a later date.
Also: repurchase agreements Chicago Board of Trade glossary
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An informal name for a repurchase agreement. American Banker Glossary
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An agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price. Bloomberg Financial Dictionary
See: repurchase agreement. Bloomberg Financial Dictionary
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See repurchase agreement. Dresdner Kleinwort Wasserstein financial glossary
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repurchase agreement / buybacks / RPs Euroclear Clearing and Settlement glossary
Contract to sell and subsequently repurchase securities at a specified date and price. Economically, it represents a cash loan against securities collateral. Full ownership of the securities is transferred, with a firm commitment that the seller will repurchase the securities at an agreed price and date. Euroclear Clearing and Settlement glossary
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A repurchase agreement or repo: the temporary sale of securities against cash under which the assignor ( seller) agrees irrevocably to take back securities at an agreed date, and the assigner ( buyer) to return them. NYSE Euronext Glossary

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▪ I. repo re‧po 1 [ˈriːpəʊ ǁ -poʊ] noun [countable] FINANCE
1. informal an occasion when someone repossess Es property, or something that has been repossessEd:

• We sell bank repos (= homes that have been repossessed by banks ) .

2. also ˈrepo aˌgreement informal an occasion when the holder of particular bonds sells them and agrees to buy them back on a specific date in the future at a fixed price. central bank S use repos to control the money supply (= the amount of money in the economy) by buying back government bonds for specific periods of time; = REPURCHASE AGREEMENT:

• Repos are a cheap way of raising money.

reˌverse ˈrepo FINANCE
an occasion when a borrower returns money to a lender for a specified time and at an agreed price; = reverse repurchase agreement:

• To drain cash from the market, a central bank can execute reverse repos.

  [m0] ▪ II. repo repo 2 verb
repo something → out phrasal verb [transitive] informal FINANCE
to sell bonds in a repo:

• By repoing out their securities, fund managers can earn revenues equivalent to several percentage points on the value of their portfolio.

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   ► See Repurchase Agreement.

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Ⅰ.
repo UK US /ˈriːpəʊ/ noun INFORMAL
► [C] (also repo agreement) FINANCE, STOCK MARKET REPURCHASE AGREEMENT(Cf. ↑repurchase agreement)
► [C] FINANCE, STOCK MARKET REPO RATE(Cf. ↑repo rate)
► [U] FINANCE, STOCK MARKET ABBREVIATION for repurchase: the act of buying back shares, bonds, etc. that you have already sold: »

The creation of repo facilities will make the gilt-edged market more liquid by allowing investors to raise cash by lending their stock.

 »

Britain lags behind America, Germany, France, and Italy in not having a repo market for government stock.

► [C] PROPERTY ABBREVIATION for repossession: a house that has been taken by a bank, etc. because the owners cannot pay back the loan that they took to buy it: »

If you buy a repo through an auction, you should check there are no hidden problems.

► [U] PROPERTY, FINANCE ABBREVIATION for repossession: the act of taking something from someone because they cannot continue to pay for it : »

Confusion over administration is a common feature of arrears and repo cases.

→ See also REVERSE REPO(Cf. ↑reverse repo)
Ⅱ.
repo UK US /ˈriːpəʊ/ verb [T] INFORMAL
► ABBREVIATION for repossess: to take back something from someone who is buying it over a period of time because they cannot continue to make payments : »

In many of these cases, the bank is threatening to repo the house.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Repo — may refer to:* Repurchase agreement, a financial instrument * The repossession of collateral for a defaulted loan * A Software repository, a stockpile of software assets such as binaries and source code available on the internet * Repo! The… …   Wikipedia

  • Repo — ist die englische Abkürzung für Rückkaufvereinbarung die Abkürzung für Reponie die Abkürzung für Repositorium der Film Repo! The Genetic Opera des Regisseurs Darren Lynn Bousman der Familienname von Matti Repo, finnischer lutherischer Bischof im… …   Deutsch Wikipedia

  • repo — re·po / rē ˌpō/ n pl repos 1: repurchase agreement 2: repossession Merriam Webster’s Dictionary of Law. Merriam Webster …   Law dictionary

  • repo — (del araucano «repu»; Chi.) m. Arbusto, especie de arrayán de gran tamaño, que llega a alcanzar los 6 m de altura; su madera es tan dura que los indios la empleaban para encender fuego frotando un trozo con otro. ⇒ *Planta. * * * repo. (Del… …   Enciclopedia Universal

  • repo — by 1972 (in repo man), Amer.Eng., short for REPOSSESS (Cf. repossess) or repossession …   Etymology dictionary

  • repo — (Del mapuche repu). m. Arbusto americano de la familia de las Verbenáceas, especie de arrayán de gran tamaño, pues llega a alcanzar seis metros de altura, con las hojas opuestas o alternas y aovadas, que llevan una espina larga en su axila,… …   Diccionario de la lengua española

  • repo — ☆ repo [rē′pō ] n. pl. repos 1. Slang something repossessed 2. an agreement by a seller, as of securities, to repurchase in the near future at an agreed upon price …   English World dictionary

  • Repo — A agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price. See: repurchase agreement. The New York Times Financial Glossary * * * ▪ I. repo re‧po 1 [ˈriːpəʊ ǁ poʊ] noun… …   Financial and business terms

  • Repo — Un repo, dont le nom juridique français est pension livrée, est le surnom mondialement utilisé qui a été donné aux États Unis aux repurchase agreements, ou accords de rachat, importants instruments financiers du marché monétaire. Sommaire 1… …   Wikipédia en Français

  • repo — [“ripo] 1. n. a repossessed car. □ It’s a repo, and I got it cheap. □ I’d rather have a plain used car than a repo. 2. tv. to repossess a car. □ Some guy came around and tried to repo my car. □ …   Dictionary of American slang and colloquial expressions

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