repo
1 of 2adjective
re·po ˈrē-ˌpō 
: of, relating to, or being in the business of repossessing property (such as a car) from buyers who have defaulted on payments
a repo company
repo
2 of 2noun
plural repos
: repurchase agreement
Example Sentences
Recent Examples on the Web
David Lyons, sun-sentinel.com, 21 Dec. 2020 More than $4 trillion in repo borrowings were conducted during the second quarter alone. Matt Egan, CNN, 7 Dec. 2020 Experts who pay attention to auto loans see trouble on the horizon and think repo men and women will be busy in the new year. Sebastian Blanco, Car and Driver, 29 Nov. 2020 Now, the repo rate stands at an all-time low of 4% (pdf). Prathamesh Mulye, Quartz India, 24 May 2020 Krishna Guha, head of central bank strategy at Evercore ISI, said the the repo program should help smaller emerging markets that need to raise dollars to intervene to prevent freefalls in their currencies. Rich Miller, Bloomberg.com, 13 May 2020 Market participants said this indicates the Fed's repo market intervention was likely to be ineffective this time for reasons that are not fully understood. Rey Mashayekhi And Jeremy Kahn, Fortune, 16 Mar. 2020 Fed repo interventions take in U.S. Treasurys, agency and mortgage bonds from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the bonds. Michael S. Derby, WSJ, 7 Feb. 2020 The Federal Reserve has so far succeeded in thwarting a repeat of the upheaval seen in mid-September -- when overnight repo rates surged to 10% from around 2%. Saleha Mohsin, Bloomberg.com, 13 May 2020 Michael S. Derby, WSJ, 8 Sep. 2022 During morning trading, the People’s Bank of China (PBOC), China’s central bank, unexpectedly announced a cut to the medium-term lending facility, lowering the key lending rate to 2.75% from 2.85% and the seven-day repo rate to 2% from 2.1%. Brendan Ahern, Forbes, 15 Aug. 2022 The repo game, once a generally losing venture, is now easier than ever thanks to tracking devices and is also more profitable. Los Angeles Times, 26 July 2022 Mark Lacek, a Florida repo man who’s recovered more than 10,000 vehicles since the 1970s, predicts the trend will only grow. Don Leestaff Writer, Los Angeles Times, 25 July 2022 The overnight reverse repurchase agreement, or reverse repo, facility has allowed the Fed to sop up excess liquidity from the economy by giving banks or big money managers a way to park cash and earn a return. Telis Demos, WSJ, 2 June 2022 But the Fed has been raising other interest rates as well, including one with a dismal name: the reverse repurchase agreement, a.k.a. the reverse repo rate. New York Times, 12 June 2022 On June 8, the RBI’s monetary policy committee (MPC) increased its repo rate by 50 basis points to 4.90%. Mimansa Verma, Quartz, 9 June 2022 Upasna Bhardwaj, economist at Kotak Mahindra Bank based in Mumbai, said India could see a 5.15% overnight lending rate, or repo rate, by the end of the year. Vibhuti Agarwal, WSJ, 4 May 2022 See More
Adjective
But consumer lawyers and analysts believe repo men could be back in force next year — particularly if Congress fails to produce a new round of financial relief for troubled households. David Lyons, sun-sentinel.com, 21 Dec. 2020 More than $4 trillion in repo borrowings were conducted during the second quarter alone. Matt Egan, CNN, 7 Dec. 2020 Experts who pay attention to auto loans see trouble on the horizon and think repo men and women will be busy in the new year. Sebastian Blanco, Car and Driver, 29 Nov. 2020 Now, the repo rate stands at an all-time low of 4% (pdf). Prathamesh Mulye, Quartz India, 24 May 2020 Krishna Guha, head of central bank strategy at Evercore ISI, said the the repo program should help smaller emerging markets that need to raise dollars to intervene to prevent freefalls in their currencies. Rich Miller, Bloomberg.com, 13 May 2020 Market participants said this indicates the Fed's repo market intervention was likely to be ineffective this time for reasons that are not fully understood. Rey Mashayekhi And Jeremy Kahn, Fortune, 16 Mar. 2020 Fed repo interventions take in U.S. Treasurys, agency and mortgage bonds from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the bonds. Michael S. Derby, WSJ, 7 Feb. 2020 The Federal Reserve has so far succeeded in thwarting a repeat of the upheaval seen in mid-September -- when overnight repo rates surged to 10% from around 2%. Saleha Mohsin, Bloomberg.com, 13 May 2020 Noun
The very high level of use of the U.S. central bank’s reverse repo facility should fall over time, Patricia Zobel, a top staff official at the Federal Reserve Bank of New York, said Thursday. Michael S. Derby, WSJ, 8 Sep. 2022 During morning trading, the People’s Bank of China (PBOC), China’s central bank, unexpectedly announced a cut to the medium-term lending facility, lowering the key lending rate to 2.75% from 2.85% and the seven-day repo rate to 2% from 2.1%. Brendan Ahern, Forbes, 15 Aug. 2022 The repo game, once a generally losing venture, is now easier than ever thanks to tracking devices and is also more profitable. Los Angeles Times, 26 July 2022 Mark Lacek, a Florida repo man who’s recovered more than 10,000 vehicles since the 1970s, predicts the trend will only grow. Don Leestaff Writer, Los Angeles Times, 25 July 2022 The overnight reverse repurchase agreement, or reverse repo, facility has allowed the Fed to sop up excess liquidity from the economy by giving banks or big money managers a way to park cash and earn a return. Telis Demos, WSJ, 2 June 2022 But the Fed has been raising other interest rates as well, including one with a dismal name: the reverse repurchase agreement, a.k.a. the reverse repo rate. New York Times, 12 June 2022 On June 8, the RBI’s monetary policy committee (MPC) increased its repo rate by 50 basis points to 4.90%. Mimansa Verma, Quartz, 9 June 2022 Upasna Bhardwaj, economist at Kotak Mahindra Bank based in Mumbai, said India could see a 5.15% overnight lending rate, or repo rate, by the end of the year. Vibhuti Agarwal, WSJ, 4 May 2022 See More Word History
Etymology
Adjective
short for repossession
Noun
by shortening & alteration
First Known Use
Adjective
1954, in the meaning defined above
Noun
1956, in the meaning defined above
Phrases Containing repo
Legal Definition
repo
noun
re·po
ˈrē-ˌpō
plural repos
1
: repurchase agreement
2
: repossession