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repo market

repo market
 n.— «Barb at 321Gold.com keeps track of Federal Reserve Bank Temporary Reserves, known as the repo market, which are merely the interaction between (theoretically) somebody who needs some very short-term money for some reason, and a bank making a short-term loan against the collateral of some securities that this “somebody” owns, with the agreement that the loan will be re-paid in a few days.» —“Trying To Keep Things Up-Tempo Until The Elections” by Richard Daughty GoldSeek Sept. 27, 2006. (source: Double-Tongued Dictionary)

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