repo
Speech parts
1. repo - Noun
2. repo - Verb
Meaning
(informal) Clipping of repossession. Most commonly of a vehicle, house or condominium.
Can you do a repo tommorrow? It's an SUV in Springfield.
(informal) Clipping of repositioning.
That cruise ship starts its repo tomorrorow; it's going to the Caribbean for the winter.
(countable, finance, informal) 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.
repo (third-person singular simple present repos, present participle repoing, simple past and past participle repoed)
(transitive, informal) repossess
I had my car repoed when I became unable to keep up the payments.
Anagrams
Examples
I worked for this company that repossessed cars. Sure enough, the day after I quit, they repossessed my car, but that would probably be my strangest job to date. You have to work your way up to become a hardcore repo man.
Abraham Lincoln was a repo man.
The life of a repo man is always intense.
And, he said, the central bank has a lot to debate on how exactly to structure a standing repo facility, including counterparties, where rates should be set, and what eligible collateral should be.
Another technique is simply to accept the bad assets as long-term collateral (as opposed to short-term repo swaps) to be held until their market value stabilises.
Borrowers should note that with home loan linked to repo rate, your final home loan rate will be at the RBI’s repo rate plus a spread or margin charged by the bank.