Definition of repo in English:

Share this entry


Pronunciation: /ˈrēpō/
North American informal

noun (plural repos)

1 another term for repurchase agreement.
Example sentences
  • It is Wall Street that is behind the enormous expansion of commercial paper, repos, and other money market instruments.
  • When the Federal Reserve temporarily supplies these funds to the market by buying securities from dealers with a commitment to resell, the transaction is called a repo, (repurchase agreement).
  • A repo is a repurchase agreement which allows an investor to buy and sell the bonds back at convenience while a pledge is the use of government bonds as collateral to borrow money.
2A car or other item that has been repossessed.

verb (repo's, repo'ing, repo'd)

[with object]
Repossess (a car or other item) when a buyer defaults on payments.
Example sentences
  • Operator: ‘It says here you're in arrears on your car payments, so your car got repo'd.’
  • His brother's wife was working, part time, as a waitress (before their only mode of transportation was repo'd.)
  • Homes, furniture, entertainment units all over town were being repo'd every day; even life on the installment plan wasn't cutting it in the low-cost Mojave Desert.


1950s: abbreviation. The verb dates from the 1970s.

Words that rhyme with repo

cheapo, Ipoh, peep-bo

For editors and proofreaders

Syllabification: re·po

Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.