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repo - 8 dictionary results

re⋅po

1[ree-poh]
–noun, plural -pos.
a repurchase agreement.

Origin:
1960–65; rep(urchase) + -o

re⋅po

2[ree-poh]
–noun, plural -pos. Informal.
repossessed property, esp. a government-financed dwelling repossessed by the government and offered for resale.

Origin:
by shortening of repossess; see -o

repurchase agreement

–noun
1. a contract between a dealer, as a bank, and an investor, whereby the investor purchases securities with the promise that they will be bought back by the dealer on a designated date, for which the investor receives a fixed return.
2. a contract between a buyer and a seller whereby the seller agrees to repurchase the item sold after a specified length of time or amount of use. Abbreviation: RP
Also called repo.


Origin:
1920–25
re·po 1   (rē'pō')   
n.   pl. re·pos Informal
A repurchase agreement.

[Shortening and alteration of repurchase agreement.]
re·po 2   (rē'pō')   
n.   pl. re·pos Informal
  1. Repossession of merchandise or property from a buyer who has defaulted on payment.
  2. Repossessed merchandise or property.

Main Entry: re·po
Pronunciation: 'rE-"pO
Function: noun
Inflected Form: plural repos
1 : REPURCHASE AGREEMENT
2 : REPOSSESSION
repo
  1. repossessed merchandise or property
  2. repossession of merchandise or property
  3. repurchase agreement
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