Repo

/ˈɹiːpoʊ/

noun

  1. Repossession

  2. A repurchase agreement: a type of derivative which allows a borrower to use a financial security as collateral for a cash loan at a fixed interest rate

  3. A repository usually containing software, in either source code or precompiled form.

verb

  1. Repossess

    I had my car repoed when I became unable to keep up the payments.

repo

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