- repossession
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a) The condition of being repossessedb) The act of repossessing
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repossession
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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. Note that repossession is a self help type of action in which the party having right of ownership … Wikipedia
repossession — re·pos·ses·sion /ˌrē pə ze shən/ n: the act or an instance of repossessing Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. repossession … Law dictionary
repossession — To recover goods sold on credit when a person fails to pay for those goods. Rules respecting repossession vary from state to state (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
Repossession — Re pos*ses sion (r? p?z z?sh ?n or p?s s?sh ?n), n. The act or the state of possessing again. [1913 Webster] … The Collaborative International Dictionary of English
repossession — Taking physical possession of personal property collateral pledged to secure a defaulted loan. American Banker Glossary * * * repossession re‧pos‧ses‧sion [ˌriːpəˈzeʆn] noun [countable, uncountable] FINANCE PROPERTY the act of repossessing… … Financial and business terms
repossession — [[t]ri͟ːpəze̱ʃ(ə)n[/t]] repossessions 1) N VAR The repossession of someone s house is the act of repossessing it. ...the problem of home repossessions. ...families facing repossession of their homes. 2) N COUNT You can refer to a house or car… … English dictionary
repossession — To take back as when a seller or bank or finance company repossesses or takes back an item if the buyer misses an installment payment. To recover goods sold on credit or in installments when the buyer fails to pay for them. U.C.C. No. 9 503. The… … Black's law dictionary
repossession — repossess ► VERB ▪ retake possession of (something) when a buyer defaults on payments. DERIVATIVES repossession noun repossessor noun … English terms dictionary
Repossession Records — is an independent record label based in Pacific Palisades, California. Repossession is run by Gary Ashley, who worked for MCA. Music Repossession represents such bands as SLUNT, The Fight, alston, Dry Kill Logic and Elliot Minor. Links… … Wikipedia
repossession order — UK US noun [C] PROPERTY, LAW ► a legal document that allows a bank or other company to repossess someone s house, car, etc.: »Most lenders waited until payments were three to six months in arrears before seeking repossession orders. »The court… … Financial and business terms
repossession order — repossession orders N COUNT If a bank or building society issues a repossession order, they officially tell someone that they are going to repossess their home. [BRIT] … English dictionary
