repurchase agreement Hear it!

repurchase agreement definition

re·pur·chase agreement (rē pʉr′c̸həs)

an agreement to sell certain securities and then purchase them again on a specified date, usually within a few day, thereby serving the function of a secured loan that meets the short-term financing needs of both buyer and seller

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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