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- Dictionaryrepurchase agreement
noun
- 1. a contract in which the vendor of a security agrees to repurchase it from the buyer at an agreed price.
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- Repurchase agreement
Very short-term collateralized financial loan between two parties
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price. Wikipedia
