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LSDefine

Simple English definitions for legal terms

repurchase agreement

Read a random definition: jus protegendi

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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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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