Special Purchase and Resale Agreement

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Special Purchase and Resale Agreement

A practice in which the Bank of Canada buys securities from a bank with the proviso that the bank repurchases the same securities for an agreed-upon price the following day. The Bank of Canada does this to increase the amount of money in circulation (the purchase price for the securities), which reduces overnight interest rates and increases the availability of credit. See also: Open-market operation.
References in periodicals archive ?
Mesaba will file a plan of reorganisation with its bankruptcy court that will implement the terms of the SPRA and provide for a release of any claims Mesaba may have against MAIR.
debris disposal, for the following sites: Fay Blvd Wickham Corridor Pineda Cswy & Extension SPRA
Hogg had the consolation of lifting the SPRA Pro Team award ahead of Edinburgh team-mates Paterson, Ally Kellock, Blair, Scott Murray and Borders' Chris Cusiter.
The Single Ply Roofing Association (SPRA) announced a partnership deal with GGFi Limited for the introduction of GGFi SP Home Insurance Scheme, a tailor-made solution offerings SPRA members customers with comprehensive cover and peace of mind knowing that their property is adequately covered.
The new scheme is now available to domestic customers of SPRA members and their approved contractors.