repurchase agreement

Definitions

Banking

  • noun an agreement, where a bank agrees to buy something and sell it back later (in effect, giving a cash loan to the seller; this is used especially to raise short-term finance)

Forex

  • A financial deal whereby a government securities dealer commits to selling securities for a short period, while at the same time committing to buy them back at a certain date and value. Dealers may use repurchase agreements or repos as a form of short term financing. also called repo agreement or buyback.
  • abbreviationrepo agreement

Law

  • noun an agreement whereby someone sells securities for cash and agrees to repurchase those securities for a greater sum of cash at some later date.
  • abbreviationrepo
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