Definition of repo in English:

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repo

Pronunciation: /ˈriːpəʊ/
North American informal

noun (plural repos)

1 another term for repurchase agreement. in Germany, repos usually run for about one month
More 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 which has been repossessed: I’ve got a repo for you—'85 Maxima

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

[with object]
Repossess (a car or other item) when a buyer defaults on payments: she’s from the collection agency, come to repo the car
More 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.

Origin

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

Words that rhyme with repo

cheapo, Ipoh, peep-bo
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