There are two types of repurchase agreements i.e. term and open repurchase agreement. Term repurchase agreement has a specified end date. Whereas, open one has no end date.

repurchase = liknót od pa'am (לקנות עוד פעם)

Companies report a gain or loss when they repurchase their bonds because the book value may more/less than the amount that is used to repurchase (retire) a bond.

There is no real economic gain or loss in the repurchase of bonds. This is because the perceived gain or loss is exactly offset by the present value of the future cash flow implications of the repurchase.

There are two types of repurchase agreements i.e. term and open repurchase agreement. Term repurchase agreement has a specified end date. Whereas, open one has no end date.

REPURCHASE AGREEMENT