open repo
Definition
Repurchase agreement without a specific repurchase date and which may be terminated at anytime by either party. Its discount or interest rate is adjusted daily on the basis of the market rate.
Mentioned in these definitions
Popular 'Banking, Commerce & Finance' Terms
open repo in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/open-repo.html
