repurchase agreement
noun
a contract between a dealer, as a bank, and an investor, whereby the investor purchases securities with the promise that they will be bought back by the dealer on a designated date, for which the investor receives a fixed return.
a contract between a buyer and a seller whereby the seller agrees to repurchase the item sold after a specified length of time or amount of use. Abbreviation: RP
Also called
repo.
Origin of repurchase agreement
First recorded in 1920–25
Words nearby repurchase agreement
repugnant,
repulse,
repulsion,
repulsive,
repurchase,
repurchase agreement,
reputable,
reputation,
repute,
reputed,
reputedly
British Dictionary definitions for repurchase agreement
repurchase agreement
noun
an agreement in which a security or asset is sold and later repurchased at an agreed price to raise ready money
Sometimes shortened to: repo