Repossess - Law Dictionary Search Results
repossession
repossession : the act or an instance of repossessing
repossess
Matched in: Term repossess
Repossess
Matched in: Term Repossess
Keep your definitions linked to case research
Repossession
The act or the state of possessing again
foreclose
vt : to subject to foreclosure proceedings vi : to foreclose a mortgage or other security interest compare repossess, seize
seize
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
self-help
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
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
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
reaffirmation agreement
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
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