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Repo
Meaning
Noun
●
Clipping of
repossession
. Most
commonly
of a
vehicle
,
house
or condominium.
●
Clipping of repositioning.
●
In Finance:
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.
●
In Computing:
Clipping of
repository
(“storage
location
for files”).
Verb
●
repossess
Sourced from
Wiktionary
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