Dictionary
Thesaurus
Encyclopedia
Translator
Web
Related Searches
Nearby Words
Definition of purchase and resale agreements - 1 dictionary result
Docs For Your Business
Privacy policies, terms of use, employment agreements and more
www.WLFLawyers.com
Purchase Agreements
Write your Purchase Agreement in a Snap, Fill the Blanks & Print!
Biztree.com
Purchase Order Forms
Save 50% on Custom Purchase Order Forms for Your Business at NEBS!
NEBS.com
Financial Dictionary

Purchase and Resale Agreements - PRAs

An arrangement between the Bank of Canada and dealers whereby the Bank buys treasuries from a dealer, and the dealer agrees to repurchase the treasuries the next day.

Investopedia Commentary

In a PRA, the Bank of Canada is essentially lending money to the dealer at the midpoint of the overnight operating band rate in order to increase the dealer's liquidity.

Related Links

Formulating Monetary Policy
The Federal Reserve (the Fed) Tutorial

See also: Open Market Operations, Overnight Rate, Special Purchase and Resale Agreements - SPRAs

Also spelled: PRAS

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
Docs For Your Business
Privacy policies, terms of use, employment agreements and more
www.WLFLawyers.com
Purchase Agreements
Write your Purchase Agreement in a Snap, Fill the Blanks & Print!
Biztree.com
Search another word or see purchase and resale agreements on Thesaurus | Reference
Purchase Order Forms
Save 50% on Custom Purchase Order Forms for Your Business at NEBS!
NEBS.com
Reseller Agreements
Purchase and Download Reseller Agreements.
ConsusGroup.com
Purchase Agreements
Leases, Notices, Applications. State-Specific, 100% Guarantee
USLegalForms.com
FacebookTwitterFollow us:
Partner Sites:
Ask AnswersEviteExpediaHotelsHotwireLife123LiveDailyMy Way