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Purchase and Resale Agreement
(redirected from PRA)

   Also found in: Medical, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Purchase and Resale Agreement
An agreement between the Bank of Canada and a dealer on an exchange in which the Bank buys Canadian Treasury securities from the dealer and the dealer agrees to buy the same securities back the following day. A PRA provides liquidity to a dealer, which in turn provides liquidity to market trading. See also: Murabaha, Double Sale.


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Recently, the PRA initiated a review of hadiths (sayings of the Prophet Mohamed) which was well-received by Turkish society and reverberated beyond national borders.
PRA (Paint Research Association) and Pera (Production Engineering Research Association) have announced a merger agreement between the two organizations following an Extraordinary General Meeting of PRA Members, which was recently held in Hampton, Middlesex, UK.
In 2008 the government spent US$160 million monthly to implement the PRA in 150 neighborhoods.
 
 
 
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