repo(redirected from Sale Repurchase Agreement)
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Related to Sale Repurchase Agreement: Reverse Repurchase Agreement
A practice in which a bank or other financial institution buys securities with the proviso that the seller must repurchase the same securities for an agreed-upon price on a certain day. Investors and financial institutions do this in order to raise short-term capital. A repo is also called a repurchase agreement or an overnight repo.
See repurchase agreement.
Slang for repossess.