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repurchase agreement

repurchase agreement

noun re·pur·chase agreement \(ˌ)rē-ˈpər-chəs-\

Definition of REPURCHASE AGREEMENT

:  a contract giving the seller of securities (as treasury bills) the right to repurchase after a stated period and the buyer the right to retain interest earnings

First Known Use of REPURCHASE AGREEMENT

1924

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March 06, 2015
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