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repossession Definition, Meaning & Usage | Justia Legal Dictionary
WebRepossession is the taking back of property by a creditor when the borrower fails to keep up loan payments, usually for vehicles. It can affect the borrower's credit report …
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Repossession, colloquially repo, is a "self-help" type of action, mainly in the United States, in which the party having right of ownership of the property in question takes the property back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.
The extent to which repossession is authorized, and how it may be executed, greatly varies in di…Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 9 mins
Web1. a. : to regain possession of. b. : to take possession of (something bought) from a buyer in default of the payment of installments due. 2. : to restore to possession. …
WebRepossession is the act of taking something back, or the thing that is taken back, especially a house or a car. Learn more about the meaning, usage and pronunciation …
WebRepossession occurs when your lender seizes an asset — known as collateral — that's tied to a secured loan. Many different assets can be repossessed, including cars and …
WebRepossession is the act by a creditor, or an agent hired by a creditor, to take possession of a debtor’s property that has been put up as a security interest or collateral. This …
WebDefinition of repossession noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Web1 day ago · Repossession is the act of taking back something that someone has borrowed or bought but not paid for. Learn how to use this word in sentences and see …
WebMay 14, 2024 · Definitions of repossession. noun. the action of regaining possession (especially the seizure of collateral securing a loan that is in default) see more.
Webtr.v. re·pos·sessed, re·pos·sess·ing, re·pos·sess·es. 1. a. To regain possession of. b. To reclaim possession of for failure to make payments due. 2. To give back possession to. …
Right of Repossession Basics - FindLaw
WebFeb 15, 2017 · Definition of Repossession. So what exactly is repossession and how does it happen? Repossession is a process wherein a creditor takes possession of specific …
REPOSSESS | definition in the Cambridge English Dictionary
Webto take something back from a person who is buying it over a period of time because they cannot continue to pay for it: The lender may repossess the property to recoup …
Repossession Definition & Meaning | Merriam-Webster Legal
WebThe meaning of REPOSSESSION is the act or an instance of repossessing.
REPOSSESS Definition & Meaning | Dictionary.com
WebRepossess definition: to regain ownership of; to take back, especially for failure to make due payment. See examples of REPOSSESS used in a sentence.
REPOSSESSION definition | Cambridge English Dictionary
Webnoun. FINANCE, PROPERTY uk / ˌriːpəˈzeʃ ə n / us (also informal repo) Add to word list Add to word list. [ C or U ] the act of repossessing something: The mortgage market has …
repossess verb - Definition, pictures, pronunciation and usage …
Webverb. /ˌriːpəˈzes/ [usually passive] Verb Forms. to take back property or goods from somebody who has arranged to buy them but who still owes money for them and cannot …
Vehicle Repossession | Consumer Advice
WebArticle. Vehicle Repossession. If you don’t make your car payments on time, your lender might have the right to take your car without going to court or telling you first. Here’s what …
REPOSSESS Definition & Meaning | Dictionary.com
WebRepossess definition: to regain ownership of; to take back, especially for failure to make due payment. See examples of REPOSSESS used in a sentence.
Repossess - Definition, Meaning & Synonyms | Vocabulary.com
Web/ˌˈripəˌzɛs/ /ripəˈzɛs/ IPA guide. Other forms: repossessed; repossessing; repossesses. Definitions of repossess. verb. regain possession of something. synonyms: take back. …
REPOSSESS | English meaning - Cambridge Dictionary
Webto take something back from a person who is buying it over a period of time because they cannot continue to pay for it: The lender may repossess the property to recoup the …
Repurchase Agreement (Repo): Definition, Examples, and Risks
WebApr 7, 2024 · Gordon Scott. Fact checked by. Vikki Velasquez. A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. For a …
REPOSSESSION Synonyms: 11 Similar and Opposite Words
WebSynonyms for REPOSSESSION: reclamation, recovery, retrieval, recapture, rescue, recoupment, recruitment, redemption; Antonyms of REPOSSESSION: loss, …
REPOSSESSED | English meaning - Cambridge Dictionary
Webto take back possession of something, especially property that has not been completely paid for: I couldn't make my mortgage repayments so the bank …
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