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repo

 
Dictionary: re·po1   ('') pronunciation
 
n. Informal., pl. -pos.

A repurchase agreement.

[Shortening and alteration of REPURCHASE AGREEMENT.]


re·po2 ('') pronunciation
n. Informal., pl. -pos.
  1. Repossession of merchandise or property from a buyer who has defaulted on payment.
  2. Repossessed merchandise or property.

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1. Slang for Repossessed or Foreclosed property.

2. see Repurchase Agreement.

 

Slang for repossess, Repossession. Also relates to the repurchase of notes.

 
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Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more

 

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