Repossession: Difference between revisions
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''Secured lending'' | 1. ''Secured lending''. | ||
In residential mortgage lending, 'repossession' is a colloquial term meaning foreclosure. | 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]] | |||
* [[Foreclosure]] | * [[Foreclosure]] | ||
* [[Mortgage]] | * [[Mortgage]] | ||
* [[Security]] | * [[Security]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Investment]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Ethics]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Financial_products_and_markets]] | |||
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.
