overnight repo(redirected from Overnight Repos)
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Related to Overnight Repos: Overnight Repurchase Agreement
A repurchase agreement with a term of one day.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A practice in which a bank or other financial institution buys securities with the proviso that the seller repurchase the same securities the following day. Financial institutions do this in order to raise short-term capital. See also: Overnight loan.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A repurchase agreement in which securities are sold provided that they will be repurchased on the following day. Financial institutions use overnight repos as a means of raising short-term money for financing inventories.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.