Definitions for "Reverse repurchase agreement"
An agreement to purchase mortgage-backed securities from a party with a simultaneous agreement to resell them at a specified future date and price.
Sometimes referred to as a repo agreement. It's the purchase of securities with the agreement to sell them at a higher price at a specific future date.
A financing arrangement that involves the purchase and subsequent sale of a specific security at a specified future date at two different, pre-negotiated prices.