1.NounClipping of repossession, most commonly of a vehicle, house or condominium.
"Can you do a repo tomorrow? It's an SUV in Springfield."
2.NounClipping of repositioning.
"That cruise ship starts its repo tomorrow; it's going to the Caribbean for the winter."
3.NounClipping of repurchase A type of agreement which allows a borrower to use a financial security as collateral for a cash loan at a fixed interest rate, or to buy something back that was sold.
4.NounClipping of repository (“storage location for files”).
"I checked out the Git repo to edit it."
5.VerbTo repossess.
"I had my car repoed when I became unable to keep up the payments."