Repurchase agreement/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> A contract giving the seller of an security the right or obligation to buy it back at a specified price on a given date. Used as a way of borrowing or l...) |
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A contract giving the seller of an security the right or obligation to buy it back at a specified price on a given date. Used as a way of borrowing or lending using the security as collateral. (The interest rate charged is known as the "repo rate". | A contract giving the seller of an security the right or obligation to buy it back at a specified price on a given date. Used as a way of borrowing or lending using the security as collateral. (The interest rate charged is known as the "repo rate"). | ||
Latest revision as of 14:39, 17 October 2009
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Repurchase agreement [r]: A contract giving the seller of an security the right or obligation to buy it back at a specified price on a given date. Used as a way of borrowing or lending using the security as collateral. (The interest rate charged is known as the "repo rate").