repo

1 of 2

adjective

re·​po ˈrē-ˌpō 

: of, relating to, or being in the business of repossessing property (such as a car) from buyers who have defaulted on payments

a repo company

repo

2 of 2

noun

plural repos

: repurchase agreement

Examples of repo in a Sentence

Recent Examples on the Web

Adjective

But consumer lawyers and analysts believe repo men could be back in force next year — particularly if Congress fails to produce a new round of financial relief for troubled households. —David Lyons, sun-sentinel.com, 21 Dec. 2020

More than $4 trillion in repo borrowings were conducted during the second quarter alone. —Matt Egan, CNN, 7 Dec. 2020

Noun

In addition, the 7-day reverse repo rate was lowered by 0.2%, the medium-term lending facility was lowered by 0.3% to 2%, and the 1—and 5-year loan prime rates were lowered by 0.2% and 0.25%, respectively. —Brendan Ahern, Forbes, 18 Oct. 2024

For example, Tradeweb recently became the first electronic trading platform to connect repo (short-term borrowing for bond dealers) and IRS (interest rate swap) markets while expanding its data services based on real-world needs. —Ken Berman, Forbes, 7 Oct. 2024

Word History

Etymology

Adjective

short for repossession

Noun

by shortening & alteration

First Known Use

Adjective

1954, in the meaning defined above

Noun

1956, in the meaning defined above

Phrases Containing repo

• repo man

Legal Definition

repo

noun

re·​po

ˈrē-ˌpō

plural repos

1

: repurchase agreement

2

: repossession