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- A customer sells a group of securities to a broker-dealer under the provision that the customer will buy them back by a predetermined date for a specific price. The difference between the amount the customer received for the securities and the amount he or she will pay the broker-dealer when buying them back represents the interest.
Office of the Arizona State Treasurer - Cite This Source - This Definition
- index, Pooling, "Repos" (Repurchase Agreements), Tri-Party Repo, Tripartite