Is “Repo” a Scrabble word?

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Yes
REPO
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Invalid

Meaning of Repo

/ˈɹiːpoʊ/

noun
  1. 1.Repossession

  2. 2.A repurchase agreement: a type of derivative which allows a borrower to use a financial security as collateral for a cash loan at a fixed interest rate

  3. 3.A repository usually containing software, in either source code or precompiled form.

verb
  1. 1.Repossess

    I had my car repoed when I became unable to keep up the payments.