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Repurchase Agreement also known as Sale and Repurchase Agreement.

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15y ago
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6mo ago

"Repo" is short for "repurchase agreement." It is a financial transaction in which one party, usually a bank or a financial institution, sells a security to another party with an agreement to repurchase the security at a specified price and date in the future. Repos are commonly used for short-term borrowing and lending of money, with the security serving as collateral.

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Q: What is repo stands for?
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