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单词 repossess
释义

repossess

/ˌriːpəˈzɛs /
verb [with object]
Retake possession of (something) when a buyer defaults on payments: 565 homes were repossessed for non-payment of mortgages...
  • When a lender forecloses and repossesses a piece of property for failure to make payments, what are the legal consequences for the borrower?
  • In many states, the lender can repossess your car without as much as a telephone call or written notice if you fall behind on one monthly payment.
  • They don't have to worry about resale values or market conditions - the legal ownership of the car remains with the finance company or lessor who may repossess the vehicle in the event of missed payments.
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更新时间:2025/1/9 6:44:20