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Reverse
(redirected from reversed the charges)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.03 sec.
Reverse Repurchase Agreement
A practice in which a bank or other financial institution buys securities or another asset with the proviso that it will resell these same securities or asset to the same seller for an agreed-upon price on a certain day (often the next day). Investors and financial institutions do this in order to raise short-term capital. Indeed, it is the equivalent of a short-term loan with the securities or asset serving as collateral. A reverse repurchase agreement is the same as a repurchase agreement, but from the perspective of the buyer rather than the seller. It is also called a matched sale transaction or simply a reverse.

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In the end, it was just an annoyance to me as the card company reversed the charges and sent me a new card.
Then she couldn't help me enough and reversed the charges and told me ways to avoid them in the future.
The online service that had suckered my son by offering unlimited music downloads free for one month reversed the charges on my credit card.
 
 
 
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