Definition: Agreement between a dealer and a lender where the dealer agrees to repurchase the debt subject to certain predetermined conditions.
Definition: [crh] An agreement with a commitment by the seller (dealer) to buy a security back from the Definition: purchaser (customer) at a specified price at a designated future date. Also called a repo, it represents a collateralized short-term loan for which, where the collateral may be a Treasury security, money market instrument, federal agency security, or mortgage-backed security. From the purchaser's (customer's) perspecDefinition: tive, the deal is reported as a reverse repo.
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