Other definitions for repo (2 of 3)
a repossessed property, especially a financed dwelling repossessed by the bank or other financing institution for delinquency of payment and offered for resale: We bought this trailer as a repo and have lived in it for 12 years, but now with kids we’re running out of room.
engaged in or relating to the business of repossessing or taking back high-priced merchandise, such as motor vehicles or machinery, from buyers who have failed to pay: I’m told that a repo company can just go to an address, find the car parked, and grab it.
to repossess or take back (merchandise) from buyers who have failed to pay: When their dry cleaning business really began to struggle, the bank repoed all their equipment.
Other definitions for repo (3 of 3)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use repo in a sentence
One morning a noise woke him, and he ran outside with a baseball bat to find a repo man taking his SUV.A college football coach’s season at war with the coronavirus — and his own school | Kent Babb | January 19, 2021 | Washington Post
Most banks in India haven’t fully passed on the benefits of lower repo rates to borrowers.The central bank’s Covid-19 relief on interest rates hasn’t really reached many Indians | Prathamesh Mulye | July 10, 2020 | Quartz
In fact, they haven’t even given their customers the full benefit of the repo rate cuts that happened before the Covid-19 outbreak in March.The central bank’s Covid-19 relief on interest rates hasn’t really reached many Indians | Prathamesh Mulye | July 10, 2020 | Quartz
People borrow money in the repo market by putting up solid collateral, like Treasury bills, and getting cash in return.How Jay Powell’s Coronavirus Response Is Changing the Fed Forever | Christopher Leonard | June 11, 2020 | Time
This level of excess bank reserves was more than 100,000% higher than in the decades before 2008, but they weren’t high enough to keep the repo market going.How Jay Powell’s Coronavirus Response Is Changing the Fed Forever | Christopher Leonard | June 11, 2020 | Time
And a repo will trash your undoubtedly sterling credit record.
Having seen repo, one wonders if she should reconsider, especially when the rumors are more interesting than reality.
A futuristic Goth musical, repo is set in a time when the human race is afflicted by a plague of organ failures.
Where was you an' yore unknown pal goin' to repo't back to Plimsoll?Rimrock Trail | J. Allan Dunn
British Dictionary definitions for repo
repossession of property
(as modifier): a repo car
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012