repurchase agreement


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Related to repurchase agreement: repo rate, Reverse Repurchase Agreement

repurchase agreement

n.
A contract giving the seller of an asset the right or obligation to buy back the asset at a specified price on a given date.

repurchase agreement

n
(Banking & Finance) an agreement in which a security or asset is sold and later repurchased at an agreed price to raise ready money. Sometimes shortened to: repo

repur′chase agree`ment


n.
a deal to purchase securities between an investor and a bank, stipulating that the investor will sell back the bonds on a specified date, keeping the interest.
[1920–25]
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References in periodicals archive ?
Because Jefferies has fully and unconditionally guaranteed the due and punctual payment of all obligations of JFLLC to the trust under the repurchase agreement, it is Fitch's view that the notes rank equal with senior, unsecured obligations of Jefferies.
As part of the stock repurchase agreement, Arch has agreed to repurchase from Monarch 500,000 shares of Arch's common stock at a purchase price of USD83.
Under the terms of the stock repurchase agreement, Arch has agreed to repurchase from Monarch 750,000 shares of Arch's common stock at a purchase price of $74.
1m in repurchase agreements, that the loans underlying such repurchase agreements may be fraudulent.
Only rarely would a human become involved in an overnight repurchase agreement.
For example, a claim is exempt from the automatic stay in bankruptcy in the United States if it arises under a securities contract or repurchase agreement subject to section 555 or 559 of the Bankruptcy Code, respectively (11 U.
GCF makes margin calls on a weekly basis to the repurchase agreement counterparty if the market value of the eligible collateral falls below the required threshold.
The interest in the repurchase agreement was purchased through Pennant Management, Inc.
Japanese and German government securities held under repurchase agreement are arranged either through transactions executed directly in the market or through agreements with official institutions.
GAAP to determine whether it should be accounted for as a secured borrowing or sale with a forward repurchase agreement.
The Company executed this share repurchase agreement because it believes its share price is currently undervalued.
Under an existing share repurchase authorization, Pfizer has signed an accelerated share repurchase agreement with Citibank NA (Citibank) to repurchase USD5bn of Pfizer's common stock.