Agreement between a buyer and seller where the seller agrees to repurchase the securities at an agreed upon time and price. Repurchase agreements involving U.S. government securities are utilized by the Federal Reserve to control the money supply.

"Repurchase Agreement /'repo'" In Context

"In the repurchase agreement (repo) market, bids on overnight loans secured by Treasuries as collateral were last quoted at 0.24 percent, compared with 0.25 percent on Monday. The cost for this cash source for banks and Wall Street firms has ..."