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repo
1[ ree-poh ]
repo
2[ ree-poh ]
noun
- 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.
adjective
- 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.
verb (used with object)
- 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.
repo
3[ ree-poh ]
noun
repo
/ ˈriːpəʊ /
noun
- repurchase agreement
- repossession of property
- ( as modifier )
a repo car
Word History and Origins
Origin of repo1
Origin of repo3
Example Sentences
One morning a noise woke him, and he ran outside with a baseball bat to find a repo man taking his SUV.
Most banks in India haven’t fully passed on the benefits of lower repo rates to borrowers.
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.
People borrow money in the repo market by putting up solid collateral, like Treasury bills, and getting cash in return.
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.
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?
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