Repurchase Agreement

Legal Definition and Related Resources of Repurchase Agreement

Meaning of Repurchase Agreement

In relation to conditional sales contracts, an endorsement on the contract allowing the conditional vendor to sell the contract to a finance company with understanding that in the event of default by conditional purchaser , the conditional vendor will repurchase notes of finance company for amount stated in face of note, less installments paid if any , less unearned insurance premiums and less unearned finance charges . See Ballinger v Delta Loan and Finance Co., 277 S. W.2d 368, 197 Tenn. 661.

Financial Definition of Repurchase Agreement

An agreement with a commitment by the seller (dealer) to buy a security back from the purchaser (customer) at a specified price at a designated future date. Also called a repo, it represents a collateralized short-term loan, where the collateral may be a Treasury security, money market instrument, federal agency security, or mortgage-backed security. From the purchaser (customer) perspective, the deal is reported as a reverse Repo.

Related Entries of Repurchase Agreement in the Encyclopedia of Law Project

Browse or run a search for Repurchase Agreement in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Repurchase Agreement in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Repurchase Agreement in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Repurchase Agreement in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

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Repurchase Agreement (Repos) Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Repurchase Agreement (Repos) in a way that is easy for anybody to understand: Agreement whereby an institution purchases SECURITIES under a stipulation that the seller will repurchase the securities within a certain time period at a certain price.






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