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Insurance Definition: REPURCHASE AGREEMENT / REPO

By Compuquotes Team on March 27th, 2008

REPURCHASE AGREEMENT / REPO:

Definition:

  • Agreement between a buyer and seller where the seller agrees to repurchase the securities at an agreed upon time and price. Repurchase agreements involving U.S. government securities are utilized by the Federal Reserve to control the money supply.

Information provided by Insurance Information Institute

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