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repossession

/ˌriːpəˈzɛʃən/

Translations

repossessionnoun

repossessions

/ˌriːpəˈzɛʃən/

The bank initiated the repossession of the car after the owner defaulted on the loan.

Банк инициировал взыскание автомобиля после того, как владелец не выплатил кредит.

The company faced repossession of its assets due to unpaid debts.

Компания столкнулась с изъятием своих активов из-за неоплаченных долгов.

The repossession of the property was completed last week.

Возврат имущества был завершен на прошлой неделе.

Additional translations

Synonyms

repossessionadjective

/ˌriːpəˈzɛʃən/

Used attributively to modify another noun, indicating relation to the act or process of reclaiming property (e.g. "a repossession auction").

repossessionnoun

The act of taking back property by a lender or seller from the borrower or buyer, usually due to default on payments.

After failing to make payments for several months, the bank initiated the repossession of the car.

The state of having property taken back by a lender or seller.

The family faced repossession of their home after losing their primary source of income.

An item or property that has been taken back by a lender or seller after the borrower defaulted.

The dealership specializes in selling bank repossessions and lease returns.

repossessionadjective

Relating to or involved with the taking back of property because of payment default.

He attended a repossession auction to find a discounted vehicle.