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Meaning of repo

re•po

Pronunciation: (rē'pō), [key]
— pl. -pos.
  1. a repurchase agreement.

re•po

Pronunciation: (rē'pō), [key]
— pl. -pos.
  1. repossessed property, esp. a government-financed dwelling repossessed by the government and offered for resale.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.