Dictionary Home »
Webster's New World Finance and Investment Dictionary » matched sale-purchase agreement
matched sale-purchase agreement
matched sale-purchase agreement definition - finance
The outright sale by the Federal
Reserve of securities for immediate delivery to a dealer or foreign central
bank. The sale includes an agreement to buy the securities back on a specific
date, typically within seven days, at the same price. Matched sale-purchase
agreements have the effect of withdrawing reserves on a temporary basis. They
are the opposite of repurchase agreements,
which put reserves, or more money, into the economy.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Comments
Improve this definition.
Browse dictionary definitions near matched sale-purchase agreement
Share on Facebook