repurchase agreement
noun[C]
FINANCE,STOCK MARKETukus(alsosale and repurchase agreement);(alsoinformalrepo,repo agreement)anagreementtosellbonds,shares, etc. andbuythem back at alaterdate:
The issuer of a repurchaseagreementmust notfailto repurchase theunderlyingsecuritywithin thespecifiedtime.
Compare
reverse repurchase agreement