ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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REPURCHASE AGREEMENT Definition
REPURCHASE AGREEMENT (REPO) is a contract in which an investor or securities dealer sells a United States security to a bank or other corporation and agrees to repurchase the security later at a specified time and price, including interest. The investment period ranges from one day to several months, and the purchaser earns interest competitive with money market rates.
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TRUE VALUE is the amount that a buyer is finally willing to pay.
INFRASTRUCTURE is the resources (as personnel, buildings, or equipment) required for an activity.