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.
LTM means Last Twelve Months.
BANK BASE RATE is the annual interest rate on which British banks calculate lending charges (minimum lending rate).
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