Repo meaning

rēpō
Frequency:
Repossession of merchandise or property from a buyer who has defaulted on payment.
noun
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Repossessed merchandise or property.
noun
0
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(slang) Something repossessed.
noun
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(uncountable) Repossession.
noun
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(countable, finance) A repurchase agreement: a type of derivative which allows a borrower to use a financial security as collateral for a cash loan at a fixed interest rate.
noun
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(countable, computing, informal) A source code repository.
noun
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A repurchase agreement.
noun
0
1

Origin of repo

  • Shortening and alteration of repurchase agreement

    From American Heritage Dictionary of the English Language, 5th Edition