# Repurchase Agreement

**IRI:** https://folio.openlegalstandard.org/R8KWSGMRNF0TtSGr3emUfqf

## Labels

**Alternative Labels:**

- Repo

## Definition

Often referred to as a "repo," a Repurchase Agreement is a short-term borrowing mechanism where one party sells a security with an agreement to repurchase it at a later date at a specified price. It's effectively a secured loan.

## Sub Class Of

- https://folio.openlegalstandard.org/R7p3ZBGzc1BxDrCwYJnsTo

**Deprecated:** False