1. repo - Noun
2. repo - Verb
(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.
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. Romany Malco
Abraham Lincoln was a repo man. Allen C. Guelzo
The life of a repo man is always intense. Alex Cox
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. Source: Internet
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. Source: Internet
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. Source: Internet