repo

1 of 2

adjective

re·​po ˈrē-ˌpō How to pronounce repo (audio)
: of, relating to, or being in the business of repossessing property (such as a car) from buyers who have defaulted on payments
a repo company

repo

2 of 2

noun

plural repos

Examples of repo in a Sentence

Recent Examples on the Web
Adjective
But consumer lawyers and analysts believe repo men could be back in force next year — particularly if Congress fails to produce a new round of financial relief for troubled households. David Lyons, sun-sentinel.com, 21 Dec. 2020 More than $4 trillion in repo borrowings were conducted during the second quarter alone. Matt Egan, CNN, 7 Dec. 2020 Experts who pay attention to auto loans see trouble on the horizon and think repo men and women will be busy in the new year. Sebastian Blanco, Car and Driver, 29 Nov. 2020 Now, the repo rate stands at an all-time low of 4% (pdf). Prathamesh Mulye, Quartz India, 24 May 2020 Krishna Guha, head of central bank strategy at Evercore ISI, said the the repo program should help smaller emerging markets that need to raise dollars to intervene to prevent freefalls in their currencies. Rich Miller, Bloomberg.com, 13 May 2020 Market participants said this indicates the Fed's repo market intervention was likely to be ineffective this time for reasons that are not fully understood. Rey Mashayekhi and jeremy Kahn, Fortune, 16 Mar. 2020 Fed repo interventions take in U.S. Treasurys, agency and mortgage bonds from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the bonds. Michael S. Derby, WSJ, 7 Feb. 2020 The Federal Reserve has so far succeeded in thwarting a repeat of the upheaval seen in mid-September -- when overnight repo rates surged to 10% from around 2%. Saleha Mohsin, Bloomberg.com, 13 May 2020
Noun
The cut to the 7-day reverse repo rate — the first since August last year — will boost liquidity in the banking system and make short term loans cheaper. Laura He, CNN, 13 June 2023 The code that makes Ars work—which for us includes things like our WordPress PHP files, both core and plugin—lives in a private Github repo under version control. Lee Hutchinson, Ars Technica, 9 Aug. 2023 Bank Indonesia held its benchmark seven-day reverse repo rate at 6.00% on Thursday. Sherry Qin, WSJ, 21 Dec. 2023 Reserve Bank of India Gov. Shaktikanta Das said Friday that the bank’s monetary-policy committee had decided to keep its policy repo rate at 6.50%, its fifth straight hold. Ben Otto, WSJ, 8 Dec. 2023 Bank Indonesia kept its benchmark seven-day reverse repo rate at 6.00%, as anticipated. Ying Xian Wong, WSJ, 23 Nov. 2023 Trading firms like hedge funds have filled the gap in the repo and Treasury market since the financial crisis, after which banks became increasingly constrained by regulations. Eric Wallerstein, WSJ, 21 Nov. 2023 Keen, who also had a reputation for toughness, was a repo woman—repossessing cars at Bargain Motors. Peter Van Sant, CBS News, 28 Oct. 2023 Bank Indonesia kept its benchmark seven-day reverse repo rate at 5.75%. Ying Xian Wong, WSJ, 21 Sep. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'repo.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Adjective

short for repossession

Noun

by shortening & alteration

First Known Use

Adjective

1954, in the meaning defined above

Noun

1956, in the meaning defined above

Time Traveler
The first known use of repo was in 1954

Cite this Entry

“Repo.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/repo. Accessed 15 Apr. 2024.

Legal Definition

repo

noun
re·​po
ˈrē-ˌpō
plural repos
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