SIE: Repurchase Agreement (repo)

Taken from our Securities Industry Essentials Exam

Definition of the term Repurchase Agreement (repo)...

a short-term contract to sell a security and buy it back later at a set price and time, usually the next day.

Since you're reading about SIE: Repurchase Agreement (repo), you might also be interested in:

Solomon Exam Prep Study Materials for the SIE
Please Enable Javascript
to view this content!