repo market
n.— «Barb at 321Gold.com keeps track of Federal Reserve Bank Temporary Reserves, known as the repo market, which are merely the interaction between (theoretically) somebody who needs some very short-term money for some reason, and a bank making a short-term loan against the collateral of some securities that this “somebody” owns, with the agreement that the loan will be re-paid in a few days.» —“Trying To Keep Things Up-Tempo Until The Elections” by Richard Daughty GoldSeek Sept. 27, 2006. (source: Double-Tongued Dictionary)
Further reading
When you had sleepovers as a child, what did you call the makeshift beds you made on the floor? In some places, you call those bedclothes and blankets a pallet. This word comes from an old term for “straw.” And: What’s the story...
Are there words and phrases that you misunderstood for an embarrassingly long time? Maybe you thought that money laundering literally meant washing drug-laced dollar bills, or that AM radio stations only broadcast in the morning? • A moving new...