reverse sale and repurchase agreement (“reverse repo”)

What is reverse sale and repurchase agreement (“reverse repo”)?

reverse sale and repurchase agreement (“reverse repo”) definition and meaning on Finance terms:
A contract under which a holder of cash agrees to the purchase of an asset and, simultaneously, agrees to re-sell the asset for an agreed price on demand, or after a stated time, or in the event of a particular contingency. Sometimes a repo transaction is agreed via a third party (“triparty repo”). See also
repurchase agreement<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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