Home » Dictionary » repo


 n.— «Regulators also are monitoring repurchase agreements, also known as repos, which banks use for short-term financing. In a common arrangement known as tri-party repo, one bank lends money to another bank, which offers securities as collateral. A third party, known as a clearing back, takes on a safeguarding role in the transaction.» —“Paulson, Bair Want System for Investment Bank Closure (Update3)” by Rebecca Christie, Craig Torres Bloomberg.com June 19, 2008. (source: Double-Tongued Dictionary)

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

East Overshoe (episode #1588)

Some people work hard to lose their accent in order to fit in. Others may be homesick for the voices they grew up with and try to reclaim them. How...

Mystery Date (episode #1577)

A librarian opens a book and finds a mysterious invitation scribbled on the back of a business card. Another discovers a child’s letter to the...