Welcome to Anagrammer Crossword Genius! Keep reading below to see if reposs is an answer to any crossword puzzle or word game (Scrabble, Words With Friends etc). Scroll down to see all the info we have compiled on reposs.
reposs
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There are 6 letters in REPOSS ( E1O1P3R1S1 )
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Definitions of reposs in various dictionaries:
REPOSS - Repossession is a term describing the act of the actual owner of an item either rented, leased or borrowed taking the item back, either with or wit...
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Reposs might refer to |
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Repossession is a term describing the act of * the actual owner of an item either rented, leased or borrowed taking the item back, either with or without compensation, or * a lienholder taking possession of an item used as collateral for a loan from its registered owner.Repossession, colloquially known as "repo" for short, 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 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 different jurisdictions (see below). * When a lender cannot find the collateral, cannot peacefully obtain it through self-help repossession, or the jurisdiction does not allow self-help repossession, the alternative legal remedy to order the borrower to return the goods (prior to judgment) is replevin. * The security interest over the collateral is often known as a lien. The lender/creditor is known as the lienholder. |