GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:54 May 26, 2020 |
Spanish to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Taña Dalglish Jamaica Local time: 09:34 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +3 | as a repurchase agreement / as a repo |
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2 +3 | by way of repurchase agreement(s) |
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as a repurchase agreement / as a repo Explanation: Definition Repo is short for repurchase agreement, a transaction used to finance ownership of bonds and other debt securities. In a standard repo transaction, a dealer finances its ownership of a bond by borrowing money from a customer on an overnight basis and posting the bond as collateral. https://www.thestreet.com/topic/46942/repo.html Hope this helps. Reference: http://aicpa.org Reference: http://imcp.org.mx |
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