The purchase of a long position to offset a short position. Also, a corporation's repurchase of stock or bonds it has issued. Reasons for doing so include putting unused cash to use, raising earnings per share, increasing internal control of the company, and obtaining stock for employee stock option plans or pension plans.
a) In relation to managed funds or prescribed interests, a requirement on the investment manager to repurchase units from unitholders seeking to redeem part or all of their investment, even in cases where redemptions cannot be met by liquidating the assets of the fund; b) In relation to derivative markets, an offsetting purchase to ' cover' or liquidate a short sale.
an arrangement under which a house owner sells a house to a financier, but with an understanding that the house owner is able to repurchase the land, or has a right to repurchase the land
In the case of managed funds, it refers to the repurchase of units by a fund from the unitholder seeking to retrieve part or all of their investment, or in the case of a company, whereby the company buys back and cancels its shares.
Potential exit: a repurchase of stocks or bonds a company has issued.
The repurchase by a company of its own stock or bonds.
Whereby the investment manager is required to repurchase units from shareholders seeking to retrieve part or all of their investment, or in the case of a company, whereby the company buys back and cancels its securities.
1. The acquisition of a lease transaction by the selling lessor from the buying lessor or funding source because of a breach of representations or warranties made when the transaction was originally sold on a non-recourse basis. 2. The acquisition of a defaulted lease transaction by the equipment vendor pursuant to its prior agreement to do so as part of a repurchase agreement entered into with the lessor.
See repurchase agreements.