repo

Etymology

Clippings.

noun

1. (informal) Clipping of repossession. Most commonly of a vehicle, house or condominium.
   Can you do a repo tommorrow? It's an SUV in Springfield.
2. (informal) Clipping of repositioning.
   That cruise ship starts its repo tomorrorow; it's going to the Caribbean for the winter.
3. (countable, finance, informal) A repurchase agreement: a type of derivative which allows a borrower to use a financial security as collateral for a cash loan at a fixed interest rate.
4. (countable, computing, informal) Clipping of repository (“storage location for files”).

verb

1. (transitive, informal) repossess
   I had my car repoed when I became unable to keep up the payments.