What is repurchase agreement?
A repo: short-term borrowing against owned securities, commonly used by mortgage REITs for leverage. It can create a maturity mismatch between longer-duration assets and short-term funding.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.