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.
