repo

1 of 2

adjective

re·​po ˈrē-ˌpō How to pronounce repo (audio)
: of, relating to, or being in the business of repossessing property (such as a car) from buyers who have defaulted on payments
a repo company

repo

2 of 2

noun

plural repos

Examples of repo in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Adjective
But consumer lawyers and analysts believe repo men could be back in force next year — particularly if Congress fails to produce a new round of financial relief for troubled households. David Lyons, sun-sentinel.com, 21 Dec. 2020 More than $4 trillion in repo borrowings were conducted during the second quarter alone. Matt Egan, CNN, 7 Dec. 2020
Noun
In addition, the 7-day reverse repo rate was lowered by 0.2%, the medium-term lending facility was lowered by 0.3% to 2%, and the 1—and 5-year loan prime rates were lowered by 0.2% and 0.25%, respectively. Brendan Ahern, Forbes, 18 Oct. 2024 For example, Tradeweb recently became the first electronic trading platform to connect repo (short-term borrowing for bond dealers) and IRS (interest rate swap) markets while expanding its data services based on real-world needs. Ken Berman, Forbes, 7 Oct. 2024 See all Example Sentences for repo 

Word History

Etymology

Adjective

short for repossession

Noun

by shortening & alteration

First Known Use

Adjective

1954, in the meaning defined above

Noun

1956, in the meaning defined above

Time Traveler
The first known use of repo was in 1954

Cite this Entry

“Repo.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/repo. Accessed 22 Nov. 2024.

Legal Definition

repo

noun
re·​po
ˈrē-ˌpō
plural repos
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