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LSDefine

Simple English definitions for legal terms

repurchase agreement

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A quick definition of repurchase agreement:

A repurchase agreement, also known as a repo, is a type of short-term loan. In a repo, one party sells a security to another party with a promise to buy it back on a specific date at a specific price. It's like borrowing money with a valuable item as collateral, and then paying back the loan to get the item back.

A more thorough explanation:

A repurchase agreement, also known as a repo, is a type of short-term loan agreement between two parties. In this agreement, one party sells a security to another party with a promise to buy back the security on a specified date at a specified price.

For example, let's say Company A needs some cash for a short period of time. Company A can sell some of its securities to Company B with a promise to buy them back in a week at a slightly higher price. This way, Company A gets the cash it needs, and Company B earns a profit on the transaction.

Another example is when a bank needs some cash to meet its reserve requirements. The bank can sell some of its securities to another bank with a promise to buy them back at a later date.

Repurchase agreements are commonly used in the financial industry to raise short-term funds. They are considered low-risk investments because they are collateralized by securities. If the borrower defaults on the loan, the lender can sell the securities to recover their money.

repurchase | repurchase price

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JumpySubsequentDolphin
11:57
wear a mask
JumpySubsequentDolphin
11:57
go back to Covid days
m10
11:58
Nah nah she would not like that. She is conservative.
BulbasaurNoLikeCardio
11:58
Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill
m10
11:59
We will see. This is enough feedback. Thank you all.
12:00
tell her you wanna test and see if your immune systems are compatible, that gets the ladies going
m10
12:00
Lol, maybe
babycat
12:00
lmao when you give the republican baddie the ick by masking up
12:01
LOL
Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
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