1) Loan default grab 2) Recovery 3) Retrieval
Found on
https://www.crosswordclues.com/clue/repossession
1) Recovery 2) Retrieval 3) Seizure
Found on
https://www.crosswordclues.com/clue/repossession
Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction. Repossession is a `self-help` type of action in which the party having right of ownership of the property in question takes the property back from the party having right of possession w.....
Found on
http://en.wikipedia.org/wiki/Repossession
• (n.) The act or the state of possessing again.
Found on
http://thinkexist.com/dictionary/meaning/repossession/
Usually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses.
Found on
http://www.encyclo.co.uk/local/20452
The legal procedure whereby a defaulting borrower has their interest in the property removed and is handed over to the party that holds the first charge for them to dispose of in order to recover the funds they are owed.
Found on
http://www.encyclo.co.uk/local/20464
Members of the Council of Mortgage Lenders record information on customers who have given up their homes or had them repossessed
Found on
http://www.encyclo.co.uk/local/20536
Regaining or retaking of possession of property when a purchaser or borrower defaults in making payments. Typically, a finance company may repossess goods sold on hire purchase or a mortgagee may repossess a borrower's property in order to sell it to meet outstanding payments due under a mortgage.
Found on
http://www.encyclo.co.uk/local/20912
(n) Re possession is taking back the possession of a property or articles transferred to another person, by canceling the contract and agreement by which such transfer was made. For example when the buyer failed to pay the price in time seller took back the goods sold
Found on
http://www.encyclo.co.uk/local/21213
When the creditor takes back an item that has been purchased, because of nonpayment.
Found on
http://www.encyclo.co.uk/local/22398
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
Found on
http://www.encyclo.co.uk/visitor-contributions.php
Re`pos·ses'sion noun The act or the state of possessing again.
Found on
http://www.encyclo.co.uk/webster/R/55
A creditor's taking of property that has been pledged as collateral for a loan. Vehicles are the type of property most often repossessed: Lenders will repossess cars when the owner has missed loan or lease payments and has not attempted to work with the lender to resolve the problem. The loan contract or lease and state law dictate what a repossess...
Found on
http://www.nolo.com/dictionary/repossession-term.html
[
n] - the action of regaining possession (especially the seizure of collateral securing a loan that is in default)
Found on
http://www.webdictionary.co.uk/definition.php?query=repossession
Process by which a creditor with a loan secured on house or goods (e.g. car) can take possession if you do not maintain agreed payments.
Found on
https://www.encyclo.co.uk/local/20422
noun the action of regaining possession (especially the seizure of collateral securing a loan that is in default)
Found on
https://www.encyclo.co.uk/local/20974
No exact match found.
