Practical Law UK Glossary 9-107-7145 (Approx. 3 pages)
Glossary
Repo agreement.
Repo agreement (or repo) is short for a repurchase agreement or a sale and repurchase agreement, where one party sells a debt security to another party for cash and agrees to repurchase it or an equivalent security on a specified date for a specified (higher) price.
Securities that are typically the subject of repos are government bonds, such as UK gilts and US treasury bills.