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LSDefine

Simple English definitions for legal terms

repo

Read a random definition: standard contract

A quick definition of repo:

Term: REPO

Definition: Repo is short for two different terms: repossession and repurchase agreement. Repossession means taking back something that was bought because the buyer did not pay for it. A repurchase agreement is when someone sells something with the promise to buy it back later at a higher price.

A more thorough explanation:

Definition: Repo (short for repurchase agreement) is a financial transaction where one party sells an asset (usually securities) to another party with a promise to buy it back at a later date. Repo can also refer to the act of repossessing an asset due to non-payment.

Repossession: If you fail to make your car payments, the lender may repossess your car and sell it to recoup their losses.

Repurchase Agreement: A bank may sell government bonds to another bank with an agreement to buy them back in a week at a slightly higher price. This allows the first bank to raise cash quickly while the second bank earns a small profit.

These examples illustrate the two different meanings of repo. In the first example, repo refers to the act of repossessing an asset due to non-payment. In the second example, repo refers to a financial transaction where one party sells an asset with a promise to buy it back at a later date.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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