Moisture-associated skin damage (MASD) is the general term for inflammation or skin erosion caused by prolonged exposure to a source of moisture such as urine, stool, sweat, wound drainage, saliva, or mucus.
The tri-party repo market is one where securities dealers fund their portfolio of securities through repurchase agreements, or repos. A repo is a financial transaction in which one party sells an asset to another party with a promise to repurchase the asset at a pre-specified later date.
Repo Definition (cont.) g Repo is therefore a secured loan. g Legally : a sale and repurchase of bonds. g Economically : a secured loan of cash. g The cash investor receives the repo rate. g Advantages for the cash investor : -- secured investment. -- repo rate competitive with bank deposits.