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repo

1 American  
[ree-poh] / ˈri poʊ /

noun

plural

repos
  1. a repurchase agreement.


repo 2 American  
[ree-poh] / ˈri poʊ /

noun

plural

repos
  1. a repossessed property, especially a financed dwelling repossessed by the bank or other financing institution for delinquency of payment and offered for resale.

    We bought this trailer as a repo and have lived in it for 12 years, but now with kids we’re running out of room.


adjective

  1. engaged in or relating to the business of repossessing or taking back high-priced merchandise, such as motor vehicles or machinery, from buyers who have failed to pay.

    I’m told that a repo company can just go to an address, find the car parked, and grab it.

verb (used with object)

  1. to repossess or take back (merchandise) from buyers who have failed to pay.

    When their dry cleaning business really began to struggle, the bank repoed all their equipment.

repo 3 American  
[ree-poh] / ˈri poʊ /

noun

Computers Informal.

plural

repos
  1. repository.


repo British  
/ ˈriːpəʊ /

noun

  1. repurchase agreement

    1. repossession of property

    2. ( as modifier )

      a repo car

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of repo1

First recorded in 1960–65; rep(urchase) + -o

Origin of repo2

By shortening of repossess; -o

Origin of repo3

First recorded in 1990–95

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

And when we recently decided to enlarge the recourse to our euro repo line by making it accessible to all national central banks—except the rogue states—that’s our way to say, “If you trade in euros, if you invoice in euros, and there is a crisis or there is an issue, liquidity in euro will be there for you because your national central bank has access to that euro repo line.”

From The Wall Street Journal

The ECB recently said it plans to expand its repo facility to nearly all global central banks, a move intended to bolster the euro’s usage by mitigating the risk of funding crunches during periods of market stress.

From The Wall Street Journal

First, it would need to make the discount window and standing repo operations—the facilities from which banks can borrow from the Fed—routine rather than exceptional.

From Barron's

That means redesigning the discount window so routine liquidity access is clearly separated from emergency lending, holding regular auctions to normalize its use, and expanding access to repo operations.

From Barron's

Economist Bill Nelson proposes recycling TGA balances through the repo market, offsetting reserve drains and injections in real time.

From Barron's