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Repo

//ˈɹɛpoʊ// noun, verb, slang

Definitions

Noun
  1. 1
    Clipping of repossession, most commonly of a vehicle, house or condominium. abbreviation, alt-of, clipping, countable, informal, uncountable

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

  2. 2
    Clipping of repositioning. abbreviation, alt-of, clipping, countable, informal, uncountable

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

  3. 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. 4
    Clipping of repository (“storage location for files”). abbreviation, alt-of, clipping, countable, informal
Verb
  1. 1
    repossess informal, transitive

    "I had my car repoed when I became unable to keep up the payments."

Etymology

Etymology 1

Clippings.

Etymology 2

Clippings.

See also for "repo"

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