repo

(redirected from repos)
Also found in: Dictionary, Financial, Acronyms.
Related to repos: repo rate

repo

1. noun Any property that has been repossessed due to unpaid debt. The lot is filled with repos that have been collected by the bank over the years and have yet to find a new owner. I was wondering why the house was so cheap, until I found out that it was a repo.
2. adjective Having to do with property that has been repossessed due to unpaid debt. You can get some really great deals on repo houses because the banks are eager to get them off their books. I thought I was saving a bunch of money buying a repo car, but it was in such terrible shape that it's actually costing me a lot more to get it up to scratch!
3. adjective Having to do with the process of repossessing property due to unpaid debt. I worked for a time as a repo man for a department store. You wouldn't believe the amount of crap people would buy on credit when they had no realistic way of paying it back. A friend of mine is a repo officer and said that she sold a motorcycle worth nearly $10,000 for just $1,200 the other day.
4. verb To repossess some piece of property due to unpaid debt. They threatened to repo my car if I didn't start meeting my monthly loan repayments. Banks actually dislike repoing houses because it reflects poorly on their accounts, so they might be willing to negotiate with you if you're having trouble paying your mortgage.

repo woman

slang A woman whose job entails repossessing property from people who have fallen into debt. I worked for a time as a repo woman for a department store. You wouldn't believe the amount of crap people would buy on credit when they had no realistic way of paying it back. I was forced to live out of my car for a few months, until a repo woman eventually came and repossessed that, too.
See also: repo, woman

repo man

slang A man whose job entails repossessing property from people who have fallen into debt. I worked for a time as a repo man for a department store. You wouldn't believe the amount of crap people would buy on credit when they had no realistic way of paying it back. I was forced to live out of my car for a few months, until the repo man eventually came and repossessed that, too.
See also: man, repo

repo officer

slang A person whose job entails repossessing property from people who have fallen into debt. I worked for a time as a repo officer for a department store. You wouldn't believe the amount of crap people would buy on credit when they had no realistic way of paying it back. I was forced to live out of my car for a few months, until the repo officer eventually came and repossessed that, too.
See also: officer, repo

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 ?
With a fully functioning repo market for Treasury bills and bonds, financial institutions or creditors holding these private debt will now have a guide on how to price their holdings by tacking on a risk or price premium on top of the government debt of comparable tenor.
The BTr also had to better manage its network of accredited repo dealers to make sure that two-way quotes were available for any market player who might want to buy or sell debt securities at any given time.
Also, again in support of the repo program, the Securities and Exchange Commission has granted provisional license to the Money Market Association of the Philippines as a self-regulatory organization of the repo market.
According to the BSP, "the establishment of an organized interdealer repo market will aid the development and deepening of the domestic financial market.
While Lehman is an extreme example of aggressive use of repos for balance sheet management, it is unlikely the 2014 accounting rule changes would have prevented its collapse or the broader financial crisis in September 2008.
The new accounting rules will make it more difficult for companies to repeat Lehman's aggressive accounting for repos.
In this backdrop, the objective of this paper is to empirically investigate, for the first time in a developing country context, the transmission of volatility in money market overnight repo rate to short and long-term interest rates in the term structure.
RIR was created due to considerable interest from the Repo dealer community.
Repos are essentially a pair of separate but related transactions between two entities: an agreement to buy a security now (which constitutes the opening leg of the repo), joined with an agreement to sell back the same security in the future at a specified price (the closing leg).
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.
Financial institutions that are in the business of taking positions on the direction of interest rates can use repos to build up their inventory of securities through leverage.
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.
These net and gross leverage ratio swings were accomplished by how the repos were accounted for on Lehman's financial records and reported on the balance sheet.
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.