Noble said inventory sales were different from a sale and repurchase agreement, as the commodities trader had no obligation under the deal to buy the commodities back.

来宝表示，库存出售与“出售然后回购”协议不同，因为这家大宗商品交易商根据协议没有义务购回大宗商品。

Now, runs happen in spheres regulators may not fully understand, such as the repurchase agreement, or repo, market, in which investment Banks fund their day-to-day operations.

现在挤兑发生在监管者或许还不完全明白的领域，例如买回协议或回购协议，投资银行为日常运转筹集资金的市场。

Repurchase agreement (also known as a repo or Sale and Repurchase agreement) allows a borrower to use a financial security as collateral for a cash loan at a fixed rate of interest.

回购协议是指以有价证券作抵押的短期资金融通，在形式上表现为附有条件的证券买卖。

They do this in the busy repurchase (repo) market, where treasuries are sold for cash with agreement to buy them back later.

这些都是在繁忙的回购市场进行操作，在那里债券被出售以换取现金，同时按照合约规定，稍后债券要被回购。

Fu Sheng in violation of the relevant agreement, the company has the right to repurchase their shares of 1 yuan.

如傅盛先生违反相关约定，公司有权以1元回购其股权。