Repossession

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Revision as of 22:14, 14 August 2021 by imported>Doug Williamson (Add definition. Source: Linked pages)
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1. Secured lending.

In residential mortgage lending, 'repossession' is a colloquial term meaning foreclosure by the lender.


2. Secured lending.

More broadly - and colloquially - any situation in which assets serving as collateral for a loan are retained or seized by the lender.


See also

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