Answer Posted / hemanth.n.s
Repos, short for repurchase agreements, are contracts for
the sale and future repurchase of a financial asset, most
often Treasury securities. On the termination date, the
seller repurchases the asset at the same price at which he
sold it, and pays interest for the use of the funds.
Although legally a sequential pair of sales, in effect a
repo is a short-term interest-bearing loan against
collateral
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