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
Enthusiastic book recommendations! Martha’s savoring the biography of Alexander von Humboldt, the 19th-century explorer, polymath, and naturalist who revolutionized our understanding of nature and predicted the effects of human activity on...
A librarian opens a book and finds a mysterious invitation scribbled on the back of a business card. Another discovers a child’s letter to the Tooth Fairy, tucked into a book decades ago. What stories are left untold by these forgotten...