Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / rohit dutta
In finance, "repo" means repurchase agreement, and the "repo rate" is the current interest rate for secured overnight or very short term secured financing involving the sale and repurchase of securities. Its how some securities positions are financed. "reverse repo" is the same transaction from the borrowers perspective.
So, those terms make sense to financiers in the securities industry. I dont know that they make sense in the automobile industry, other than "repo" which is short for "repossession". That of course is what happens when a borrower fails to make a lease or financing payment on her car. Then the "repo man" comes to take the car back as permitted for breach of the financing agreement.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Is California Chapter 13 Bankruptcy (reorganization) Right For Me?
How do SEZs help in the economic development?
Comment on Aam Aadmi Party?
What is the difference between Bull and Bear market?
What are term loans? What are the features of term loans?
what are debentures? What are their features?
What is the formula for the Capital Asset Pricing Model?
Will Bankruptcy Affect My Credit?
reasons for popularity of consumer credit in india
Who are auditors? What are their roles?
What is the RRB that comes under SBI?
Explain the role of chief actuaries?
What is the role of SMEs in boosting the Indian Economy?
What is Monopolistic Competition?
Give Any Three Characteristics of Private Limited Company?
