Definition of repo in English:

repo

noun

North American
informal
  • 1

    another term for repurchase agreement
    • ‘Fed repurchase was an overnight repo totalling $6.5bn, with $6.0bn in T-backed.’
    • ‘A repo is a repurchase agreement which allows an investor to buy and sell the bonds back at convenience while a pledge is the use of government bonds as collateral to borrow money.’
    • ‘The report says the interbank overnight rates rose seven per cent to 11 per cent last week, largely because of a liquidity after the Bank of Zambia effected monetary policy by offering term deposits and repos.’
    • ‘Could it be that foreign central banks are now aggressively accumulating repo positions - financing the U.S. securities repurchase agreement market?’
    • ‘The report said all entities, including companies, may be allowed to undertake repos and reverse repos in gilts, corporate debentures and bonds of financial institutions.’
    • ‘The Federal Reserve added $13.25 Billion in repos today August 12 th 2004, an action that took the pool up ton $43. 769B.’
    • ‘For example, the Bank of England has published an annex to the Global Master Repurchase Agreement for London to cater for government securities, enabling a netting of obligations under gilt repos with non-gilt repos.’
    • ‘At the same time, there will surely be accentuated demand for bank deposits, short-dated agency securities, commercial paper, repos and less risky ‘structured’ products.’
    • ‘It is Wall Street that is behind the enormous expansion of commercial paper, repos, and other money market instruments.’
    • ‘Meanwhile, $273 billion are repos and $504 billion ‘security credit.’’
    • ‘The rate of these weekly repos is the best indication of the stance of monetary policy in the short run as this instrument provides the bulk of refinancing to the banks.’
    • ‘There were no pledge (the use of Government bonds as collateral to borrow money) and repo transactions in the week under review.’
    • ‘In today's stage of ‘Financial Arbitrage Capitalism’ the U.S. financial sector has accumulated unprecedented leverage, beholden to the vagaries of the repo and money market for continued refinancing.’
    • ‘Large time deposits increased $2.6 billion, repos added $3.2 billion, and Eurodollar deposits increased $3.6 billion.’
    • ‘With outstanding repos now approaching $3.2 Trillion, the netting of repo assets and liabilities significantly understates the financial sector balance sheet.’
    • ‘The repo was a tad small - under the notional $5 bill cutoff for an intraday booster - and the upmove from midnight was only a point and a half.’
    • ‘The repo was also struck at a discount to Fed Funds - just a couple of teenies, but it still means that da Boyz are deliberately being looked after by Easy Al, the worst central banker since John Law.’
    • ‘The decision is also in line with the decision of the South African Reserve Bank's Monetary Policy Committee that left its repo rate unchanged at 7.50% last week.’
    • ‘Dealer repos began the year at $1.787 trillion and ended year - 2000 at $1.440 trillion.’
    • ‘When the Federal Reserve temporarily supplies these funds to the market by buying securities from dealers with a commitment to resell, the transaction is called a repo, (repurchase agreement).’
  • 2A car or other item that has been repossessed.

verb

[WITH OBJECT]North American
informal
  • Repossess (a car or other item) when a buyer defaults on payments.

    • ‘Operator: ‘It says here you're in arrears on your car payments, so your car got repo'd.’’
    • ‘It was interesting that one of his creditors, according to a newspaper report today was none other than Felix Smith; did Mr Smith not have his properties on the Eastern Rd. repo'd not so long ago.’
    • ‘Homes, furniture, entertainment units all over town were being repo'd every day; even life on the installment plan wasn't cutting it in the low-cost Mojave Desert.’
    • ‘His brother's wife was working, part time, as a waitress (before their only mode of transportation was repo'd.)’

Origin

1950s: abbreviation. The verb dates from the 1970s.

Pronunciation:

repo

/ˈrēpō/