Repurchase Agreements - or Repos

There is a special kind of financial instrument on Wall Street known as a repurchase agreement or repo. These allow banks, money market funds, mutual funds, and other institutions to earn rates of return on excess cash through a special kind of contract that you might not have ever heard about that requires one party to buy back something it's already sold. To get information on how these repurchase agreements work, take a few seconds to become more knowledgeable by glancing over this brief article.