Repo Definition

rēpō
repos
noun
Webster's New World
Something repossessed.
Webster's New World
Repossession of merchandise or property from a buyer who has defaulted on payment.
American Heritage

(uncountable) Repossession.

Wiktionary

(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.

Wiktionary

Origin of Repo

  • Shortening and alteration of repurchase agreement

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

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