A contract in which the seller of securities, such as Treasury Bills, agrees to buy them back at a specified time and price. also called repurchase agreement or buyback.

Use repo in a sentence

You may want to have a repo in your contract if you want to have the option of buying it back later.

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I went to the repo man because I knew he would buy back the stuff at a specified time and also a specified price.

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The repo nature of the agreement was vital as the portfolio manger desired for the securities to remain in our ownership.

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overnight repo Canadian overnight money market rate