单词 | repurchase agreement |
释义 | > as lemmasrepurchase agreement repurchase agreement n. an agreement by which something is sold but the vendor retains the right to buy it back at a later date; Finance (originally U.S.) a contract in which the vendor of a security agrees to repurchase it from the buyer, usually on a specified date and at a specified price (cf. repo n.1). ΘΚΠ society > trade and finance > buying > [noun] > buying back or redeeming > agreement or contract for repurchase agreement1891 repo1956 1891 Times 23 Mar. 3/2 If the company had refused to execute the repurchase agreement, could they have held it against Beckett..; or in that interval could he have recovered the goods on his repayment of the sum advanced by the company, with expenses? 1918 Washington Post 18 Apr. 10/6 The repurchase agreement..has been used by member banks, to avoid the stamp tax on collateral notes secured by liberty bonds and Treasury certificates. 1963 Wall St. Jrnl. 5 Nov. 18/3 Securities dealers look to repurchase agreements, or ‘repos’, as a way to obtain short-term financing and the device long has been used in connection with Government securities. 2003 M. J. King Back Office & Beyond (ed. 2) iii. 54 Outside the USA, repurchase agreements were slow to take off, but they now exist wherever there is a developed bond market. Their use to a bond holder is to earn interest on the investment, while to a borrower it is to obtain cheap short-date funding. < as lemmas |
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