An agreement to purchase securities which will be sold back at a specified time and results in a temporary increase in legal reserves is called:

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A repurchase agreement, often referred to as a repo, is a form of short-term borrowing, mainly in government securities. The dealer sells the securities to investors, usually on an overnight basis, and buys them back the following day. For the party selling the security and agreeing to repurchase it in the future, it is a repurchase agreement; for the party on the other end, it is a reverse repurchase agreement. This process temporarily increases the legal reserves of the banking system.

An Agreement to Purchase Securities Which Will Be Sold Back