# Repurchase agreement (back-buying deal)

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- Post ID: 587895
- Modified: 2023-07-25T21:12:28+00:00
- Language: en

## Definition

An agreement under which - an asset is sold, - but at the same time the seller is entitled and obligated to - repurchase the asset at a specified price on a given date or on demand (the sale of an asset; at the same time an agreement is made to repurchase the asset at a specified price on a given date or on demand). - Such an agreement is economically similar to a collateralized loan, but without transferring ownership of the collateral. The ECB uses fixed-maturity repurchase agreements in its reverse transactions. - See general collateral repo, repurchase agreement, reverse repurchase agreement, repurchase option. - See ECB Annual Report 2001, p. 232 (for a more detailed definition); ECB Monthly Bulletin, October 2007, p. 93 ff. (comparing collateral arrangements at the ECB with the U.S. and Japan; many overviews). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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