repo
n.— «Regulators also are monitoring repurchase agreements, also known as repos, which banks use for short-term financing. In a common arrangement known as tri-party repo, one bank lends money to another bank, which offers securities as collateral. A third party, known as a clearing back, takes on a safeguarding role in the transaction.» —“Paulson, Bair Want System for Investment Bank Closure (Update3)” by Rebecca Christie, Craig Torres Bloomberg.com June 19, 2008. (source: Double-Tongued Dictionary)
Further reading
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