repo
repo Lexical Profile
repo Game Scores & Validity
• noun
A centralized digital storage location where software source code, files, and revision history are maintained and managed; a repository.
"The developer cloned the main repo to her local machine before creating a new feature branch."
A short-term collateralized loan in which a party sells securities to investors and agrees to buy them back shortly afterward at a slightly higher price; a repurchase agreement.
"The central bank intervened in the overnight repo market to stabilize short-term interest rates."
North American The act of seizing a vehicle or other property after a buyer defaults on loan payments, or an item that has been seized in this manner.
"He bought the truck cheap at an auction of bank repos."
• verb
North American To repossess a vehicle or other piece of property from a buyer who has defaulted on loan payments.
"The finance company threatened to repo his car after he missed three consecutive payments."
• Rhymes for repo
Word Origin & Etymology
Originated in the 20th century as independent clipped forms of three distinct words: 'repossession' (1960s informal usage), 'repurchase agreement' (1970s finance), and 'repository' (late 20th-century software engineering).