repon.1
/ˈriːpəʊ/, U.S. /ˈriˌpoʊ/ Originally U.S.
= repurchase agreement n. at repurchase n. Compounds.
ΘΚΠ
society > trade and finance > buying > [noun] > buying back or redeeming > agreement or contract for
repurchase agreement1891
repo1956
1956 N.Y. Times 2 Sept. iii. 1/4 The repurchase agreement is also called a ‘repo’ or a ‘buy-back’.
1966 N.Y. Times 13 Dec. (Business Financial section) 69/7 The Federal Reserve apparently made the ‘repos’, which last until Thursday, as soon as the Federal funds rate edged up to 5½ per cent.
1989 Reuters Gloss.: Internat. Econ. & Financial Terms 79 In West Germany, repos usually run for about one month and are the central bank's main instrument for steering the money market.
2008 Guardian (Nexis) 23 Sept. (Financial section) 27 The market-based banking system..relies on secured financing through repos and other forms of wholesale borrowing.
This entry has been updated (OED Third Edition, December 2009; most recently modified version published online March 2022).
repon.2
/ˈriːpəʊ/, U.S. /ˈriˌpoʊ/ colloquial (originally U.S.).
An instance of repossessing goods, etc., esp. as a result of a purchaser defaulting on payments; a repossession. Also: something (as a car, house, etc.) which has been repossessed.
ΘΚΠ
the mind > possession > taking > taking possession > [noun] > repossession > subject of
repo1958
1958 Wall St. Jrnl. 8 Apr. 1/6 Private detectives specializing in ‘repos’ across the country report gains, with a Nashville agent up 25% and an Indianapolis recovery specialist up 10% so far this year.
1972 J. Gores Dead Skip i. 8 I've got a repo for you... Seventy-two Mercury Montego hardtop.
1993 Kerrville (Texas) Daily Times 23 May 11 c/6 Mobile Homes, Sale..Used and Repos. Must sell 14, 16, & doublewide repos, EZ Financing.
2004 Guardian (Nexis) 1 May (Jobs & Money section) 23 The more debt, the more failure and the more people owing money means another house or car repo.
Compounds
repo man n. (also with capital initial) a man employed to repossess goods, etc.; = repossessor n.
ΘΚΠ
the mind > possession > taking > taking possession > [noun] > repossession > one who
repossessor1926
repo man1964
1964 Tucson (Arizona) Daily Citizen 30 Sept. 35/5 (advt.) Auto Repo Man. Must be experienced. Willing to work hard. Excellent deal for right man.
1970 Wall St. Jrnl. 21 July 1/1 Mr. Civerolo and his helper are auto repossessors, or ‘repo men’.
1994 People (Nexis) 6 Feb. 11 The repo men visited the 19-year-old to settle an outstanding poll tax bill of £161.47.
2006 J. Myers Row House Blues 108 Guess..I'm backing the Repo Man. Seems to me people ought to pay their bills or give the stuff back.
This entry has been updated (OED Third Edition, December 2009; most recently modified version published online March 2022).
repov.
/ˈriːpəʊ/, U.S. /ˈriˌpoʊ/ U.S. colloquial.
transitive. To repossess (a car, house, etc.), esp. when a purchaser has defaulted on payments.
ΘΚΠ
the mind > possession > taking > taking possession > take possession of [verb (transitive)] > again or back
repealc1390
repossedea1513
repossessa1513
recall1609
repo1972
1972 J. Gores Dead Skip i. 8 Mercury Montego hardtop... Repo'd at Seventh Avenue and Cabrillo.
1987 S. Paretsky Bitter Med. vii. 70 She's from the collection agency, come to repo the car.
1997 J. Lightfoot in F. E. Abernethy Between Cracks of Hist. 218 Apparently some repo men are buying hot auto repair checks, repoing the vehicles, and then demanding large fees for the return of the car.
2002 San Diego Union-Tribune (Nexis) 29 Jan. d4 You start wondering what the neighbors are going to think when they repo the house.
This entry has been updated (OED Third Edition, December 2009; most recently modified version published online March 2022).
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n.11956n.21958
v.1972