From Longman Business Dictionaryrepore‧po1 /ˈriːpəʊ-poʊ/ noun [countable]FINANCE1informal an occasion when someone repossesses property, or something that has been repossessedWe sell bank repos (=homes that have been repossessed by banks).2 (also repo agreement) informal an occasion when the holder of particular bonds sells them and agrees to buy them back on a specific date in the future at a fixed price. CENTRAL BANKs use repos to control the MONEY SUPPLY (=the amount of money in the economy) by buying back government bonds for specific periods of timeSYNREPURCHASE AGREEMENTRepos are a cheap way of raising money. → reverse reporeporepo2 verb → repo something → out
