repo

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Related to repos: repo rate

repo

(ˈripo)
1. n. a repossessed car. I’d rather have a plain used car than a repo.
2. tv. to repossess a car. Some guy came around and tried to repo my car.

repo man

(ˈripo ˈmæn)
n. a man who repossesses cars for a living. I’d rather beg than get a job as a repo man.
See also: man, repo
References in periodicals archive ?
Indeed, many lenders actually stipulate that repo status should not be revealed, precisely because they are not interested in low offers
Often referred to as the bloodline and plumbing of the financial system, the tri-party repo market motivated a number of policy interventions during the recent financial crisis after the potential for disruptions in the market threatened to interrupt funding flows.
49 per cent said, The weighted average reverse repo rate for this round stood at 0.
In repos, the central bank buys securities for a definite period and sells them back on maturity.
Bilateral repos have some operational complexities.
The repo buyer thus lends to the seller, with the difference between the immediate "spot" price of the obligation and the "forward" repurchase price representing the interest on the loan.
Data on haircuts for different types of repos is limited.
A repo typically accompanies a transfer of financial assets when the transferor wants to maintain ownership of the assets in the long term but needs cash to use in the short term.
The next section describes what repos and reverses are, describes the difference between on-the-run and older securities, and discusses the ways dealers use repos to finance and hedge.
The repos are the latest weapon in the BCV's fight to bring inflation under control by limiting liquidity, since bolivars spent buying repo contracts will effectively be taken out of circulation until the bond matures.
First customers have already signed the repo master agreement which is applicable for any number of counterparties/Pioneering approach also paves the way towards new buy-side customer groups/Customers benefit by being able to build up relationships with counterparties before choosing to move to other bilateral repurchase agreements.
Our collaboration with Repo Remarketing will expand our footprint, especially within the credit union market, where Repo Remarketing has developed a leading platform.
In the future, Repo Men (Law and Whitaker) "repossess" transplanted organs if a patient doesn't pay.
But as Bud says, ``A repo man spends his life getting into tense situations'' - and some pretty funny ones, too.
Although our primary markets are in the United States and London, we do have repo and reverse repo activity throughout the world.