repo
noun
informal uk/ˈriːpəʊ/ us [ C ] FINANCE, STOCK MARKET (also repo agreement)
→ repurchase agreement
[ C ] FINANCE, STOCK MARKET
→ repo rate
[ U ] FINANCE, STOCK MARKET
abbreviation for repurchase: the act of buying back shares, bonds, etc. that you have already sold:
The creation of repo facilities will make the gilt-edged market more liquid by allowing investors to raise cash by lending their stock.
Britain lags behind America, Germany, France, and Italy in not having a repo market for government stock.
[ C ] PROPERTY
abbreviation for repossession: a house that has been taken by a bank, etc. because the owners cannot pay back the loan that they took to buy it:
If you buy a repo through an auction, you should check there are no hidden problems.
[ U ] PROPERTY, FINANCE
abbreviation for repossession: the act of taking something from someone because they cannot continue to pay for it :
Confusion over administration is a common feature of arrears and repo cases.
See also
reverse repo
repo
verb [ T ]
informal uk/ˈriːpəʊ/ usabbreviation for repossess: to take back something from someone who is buying it over a period of time because they cannot continue to make payments :
In many of these cases, the bank is threatening to repo the house.