Meaning of repo | Babel Free

Definitions

1. Clipping of repossession, most commonly of a vehicle, house or condominium.
   abbreviation, alt-of, clipping, countable, informal, uncountable
2. Clipping of repositioning.
   abbreviation, alt-of, clipping, countable, informal, uncountable
3. Clipping of repurchase A type of agreement which allows a borrower to use a financial security as collateral for a cash loan at a fixed interest rate, or to buy something back that was sold.
   abbreviation, alt-of, clipping, countable, informal
4. Clipping of repository (“storage location for files”).
   abbreviation, alt-of, clipping, countable, informal

Examples

“Can you do a repo tomorrow? It's an SUV in Springfield.”

“That cruise ship starts its repo tomorrow; it's going to the Caribbean for the winter.”

CEFR level