Repossession: Difference between revisions

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''Secured lending''
1. ''Secured lending''.


In residential mortgage lending, 'repossession' is a colloquial term meaning foreclosure by the lender.
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 ==
== See also ==
* [[Collateral]]
* [[Forbearance]]
* [[Forbearance]]
* [[Foreclosure]]
* [[Foreclosure]]

Latest revision as of 22:14, 14 August 2021

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