Repossess - Law Dictionary Search Results
Home Dictionary Name: repossessrepossession
repossession : the act or an instance of repossessing ...
repossess
repossess : to regain possession of ;esp : to take possession of again by judicial process or self-help upon default of the payment of installments due compare foreclose, seize re·pos·ses·sor [-ze-sər] n ...
Repossess
To possess again as to repossess the land...
extrajudicial
extrajudicial 1 : not involving, occurring in, or forming part of a legal proceeding [a creditor's repossession of property] [an investigation] ;esp : out-of-court [an identification] 2 : stemming from something outside of a court proceeding [a judge disqualified for bias that is and not derived from the evidence presented] 3 : occurring or arising outside of the course of judicial duties [a judge's conduct] ex·tra·ju·di·cial·ly adv ...
foreclose
foreclose [Anglo-French forclos, past participle of foreclore to preclude, prevent, from fors outside + clore to close] vt : to subject to foreclosure proceedings vi : to foreclose a mortgage or other security interest compare repossess, seize ...
reaffirmation agreement
reaffirmation agreement An agreement by a chapter 7 debtor to continue paying a dischargeable debt (such as an auto loan) after the bankruptcy, usually for the purpose of keeping collateral (i.e. the car) that would otherwise be subject to repossession. Source: Administrative Office of the U.S. Courts ...
repo
repo pl: repos 1 : repurchase agreement 2 : repossession ...
seize
seize seized seiz·ing 1 or seise : to put in possession of property or vest with the right of possession or succession [stand seized of land] 2 : to take possession or custody of (property) esp. by lawful authority [ drugs as evidence] [the judgment of criminal forfeiture shall authorize the Attorney General to the interest or property subject to forfeiture "Federal Rules of Criminal Procedure Rule 32(b)(2)"] [can the goods subject to his security interest and…keep them in satisfaction of the debt "J. J. White and R. S. Summers"] compare foreclose, repossess 3 : to detain (a person) in such circumstances as would lead a reasonable person to believe that he or she was not free to leave [determined that the defendant was seized when surrounded by police officers] seiz·able adj ...
self-help
self-help : the act of redressing or preventing a wrong by one's own actions rather than through legal proceedings NOTE: The Uniform Commercial Code permits creditors to repossess collateral by self-help if it can be done without a breach of the peace. ...
summary process
summary process : a procedure allowed to enforce a claim or right in a summary manner ;specif : a procedure to repossess real property esp. from a tenant upon nonpayment or other default : a summary eviction ...
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