repo
(rē′pō)☆
noun pl. repos
- Slang something repossessed
- an agreement by a seller, as of securities, to repurchase in the near future at an agreed-upon price
See repo in American Heritage Dictionary 4
noun pl. re·pos Informal A repurchase agreement.
Origin:
Origin: Shortening and alteration of repurchase agreement
.
noun pl. re·pos Informal - Repossession of merchandise or property from a buyer who has defaulted on payment.
- Repossessed merchandise or property.
Learn more about repo