repo 1
/ree"poh/ , n. , pl. repos .
a repurchase agreement.
[ 1960-65; REP(URCHASE) + -O ]
repo 2
/ree"poh/ , n. , pl. repos . Informal.
repossessed property, esp. a government-financed dwelling repossessed by the government and offered for resale.
[ by shortening of REPOSSESS; see -O ]