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repo

Pronunciation: /ˈriːpəʊ/

Translation of repo in Spanish:

noun/nombre (plural -pos)

[colloquial/familiar]
  • 1 [Business/Comercio] pacto (masculine) de recompra
    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.
  • 2 (repossessed item) (American English/inglés norteamericano) objeto (masculine) embargado

Definition of repo in:

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Cultural fact of the day

The current Spanish Constitution (Constitución Española) was approved in the Cortes Generales in December 1978. It describes Spain as a parliamentary monarchy, gives sovereign power to the people through universal suffrage, recognizes the plurality of religions, and transfers responsibility for defense from the armed forces to the government. The Constitution was generally well received, except in the Basque Country, whose desire for independence it did not satisfy. It is considered to have facilitated the successful transition from dictatorship to democracy.