A buyback agreement is a short-term loan to raise funds quickly. Bankrate explained. Middle English agrement, borrowed from the Anglo-French agreement, approval, the agreement “to please, consent, agree” + -ment -ment -ment These sample sentences are automatically selected from various online sources of information to reflect the current use of the word “agreement”. The opinions expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us your feedback. A repurchase agreement, also known as a pension loan, is an instrument for raising funds in the short term. Under a repurchase agreement, financial institutions essentially sell someone else`s securities, usually a government, in a day-to-day transaction and agree to buy them back at a higher price at a later date. The warranty serves as a guarantee for the buyer until the seller can reimburse the buyer and the buyer receives interest in return. For the purposes of this Agreement, the term “Plan” means any compensation plan, such as an incentive plan, a stock option or a restricted stock plan, or an employee pension plan, such as a savings, annuity, profit-sharing, health, disability, accident, life insurance or relocation plan, or a relocation policy or policy, or any other plan, program or policy of the Company or the Bank intended to benefit employees. Note: Under customary law, the agreement is a necessary element of a valid contract. In accordance with Article 1-201(3) of the Unified Commercial Code, the agreement is the agreement of the parties expressly represented by their language or implicitly by other circumstances (in the context of business).
Repurchase agreements allow the sale of a security to another party with the promise that it will be bought back later at a higher price. The buyer also earns interest. Failure by an individual employer to comply with the applicable provisions of the National Electrical Pension Plan Agreement and Trust is also a violation of its employment contract. Britannica.com: Encyclopedia Article on the Agreement In consultation with the PROMISE JOBS employee, the participant must design and provide a written plan of each job search activity on Form 470-4481, Job Search Plan Agreement. In the case of a one-day pension loan, the agreed term of the loan is one day. However, either party may extend the due date and, on occasion, the agreement has no due date at all. Since a buyback agreement is a sale/buyback loan, the seller acts as the borrower and the buyer acts as the lender. The guarantee refers to the securities sold, which usually come from the government.
Repo loans ensure fast liquidity. The supply agreement, plan and other documents may be delivered in any manner (including distribution or electronic publication) in accordance with applicable legal requirements. If a student`s cumulative grade point average and/or graduation rate does not meet SAP minimum standards, the student may be enrolled in an SAP Academic Plan Agreement or may receive a suspension of financial support. Notwithstanding the terms of the agreement between creditors, plan distributions will be made to the management agent for term loan B on the basis of claims under eligible term loan B. Unauthorized attempts to upload information and/or modify information to any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C §§ 1001 and 1030). Please report your traffic by updating your user agent to include company-specific information. For more information, see the SEC`s Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission. Unlike a secured down payment, assets must be sold immediately.
Although repurchase agreement loans are safe because they are backed by government bonds, there is a risk that the securities will lose value and affect the buyer`s investment. . Note that this policy may change if the SEC manages to SEC.gov to ensure that the site operates efficiently and remains available to all users. . The Supply Agreement, the Plan and any other documents that the Participant may receive in connection with its participation in the Plan do not constitute an advertisement or an offer of securities in Bahrain, nor an award of securities in Bahrain. The subdivision agreement also requires that all outdoor lighting, including street lighting, conform to dark skies, and this requirement must also be included in the required site plan agreement. If a user or application submits more than 10 requests per second, other requests from the IP address may be limited for a short time. Once the request rate has fallen below the threshold for 10 minutes, the user can continue to access the content on SEC.gov. This SEC practice is designed to limit excessive automated searches to SEC.gov and is not intended or should not affect anyone browsing the site SEC.gov. . PEC hereby irrevocably and unconditionally warrants the prompt and full payment of all amounts owed by PHC under this Agreement, subject to its right of set-off set forth in the Separation Agreement, Reorganization and Distribution Plan dated October 22, 2007 (the “Separation Agreement”) of and between PEC and Patriot.
By using this website, you agree to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users. The individual employer hereby agrees to be bound by the National Electrical Pension Plan Agreement and Trust. Except as otherwise specified in the applicable acquisition agreement, plan, stock option plan, arrangement or program, no consideration or other payment is due in respect of expired units of the LTCP, except for distributions reported in respect of a date of registration of the partnership and in respect of those units before the expiry date. Other secured loans include mortgages. Get a great price for one today. Financial Services Inc., an investment bank, wants to raise funds to cover its operations. It works with Cash `n` Capital Bank to purchase $1 million worth of U.S. Treasuries, Cash `n` Capital paying $900,000 and Financial Services Inc.
receiving $1 million in bonds. When the repo loan matures, cash receives $1 million plus interest, and the Financial owns $1 million worth of securities. .