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Repossession

Index Repossession

Repossession is a term used to describe when. [1]

23 relations: Bürgerliches Gesetzbuch, Breach of the peace, Case citation, Collateral (finance), Conversion (law), Council of Mortgage Lenders, Detinue, Distraint, Financial institution, Foreclosure, Jurisdiction, Justice ministry, Lien, Nonrecourse debt, Ownership, Pickup truck, Replevin, Right of possession, Security interest, Self-help (law), Tow truck, Uniform Commercial Code, Vehicle identification number.

Bürgerliches Gesetzbuch

The Bürgerliches Gesetzbuch, abbreviated BGB, is the civil code of Germany.

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Breach of the peace

Breach of the peace, or disturbing the peace, is a legal term used in constitutional law in English-speaking countries, and in a wider public order sense in the several jurisdictions of the United Kingdom.

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Case citation

Case citation is a system used by legal professionals to identify past court case decisions, either in series of books called reporters or law reports, or in a neutral style that identifies a decision regardless of where it is reported.

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Collateral (finance)

In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

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Conversion (law)

Conversion is an intentional tort consisting of "taking with the intent of exercising over the chattel an ownership inconsistent with the real owner's right of possession".

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Council of Mortgage Lenders

The Council of Mortgage Lenders was an industry body representing mortgage lenders in the United Kingdom.

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Detinue

In tort law, detinue is an action to recover for the wrongful taking of personal property.

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Distraint

Distraint or distress is "the seizure of someone’s property in order to obtain payment of rent or other money owed", especially in common law countries.

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Financial institution

Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.

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Foreclosure

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

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Jurisdiction

Jurisdiction (from the Latin ius, iuris meaning "law" and dicere meaning "to speak") is the practical authority granted to a legal body to administer justice within a defined field of responsibility, e.g., Michigan tax law.

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Justice ministry

A justice ministry, ministry of justice, or department of justice is a ministry or other government agency in charge of the administration of justice.

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Lien

A lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.

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Nonrecourse debt

Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable.

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Ownership

Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property.

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Pickup truck

A pickup truck is a light-duty truck having an enclosed cab and an open cargo area with low sides and tailgate.

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Replevin

Replevin or claim and delivery (sometimes called revendication) is a legal remedy which enables a person to recover personal property taken wrongfully or unlawfully, pending a final determination by a court of law, and to obtain compensation for resulting losses.

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Right of possession

The right of possession (jura possessionis) means that someone currently holds something in hand and this person may be the temporary keeper or the long-term owner of an object.

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Security interest

A security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations.

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Self-help (law)

Self-help, in the sense of a legal doctrine, refers to individuals' implementation of their rights without resorting to legal writ or consultation of higher authority, as where a financial institution repossesses a car on which they hold both the title and a defaulted note.

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Tow truck

A tow truck (also called a wrecker, a breakdown truck, recovery vehicle or a breakdown lorry) is a truck used to move disabled, improperly parked, impounded, or otherwise indisposed motor vehicles.

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Uniform Commercial Code

The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been put into law with the goal of harmonizing the law of sales and other commercial transactions across the United States of America (U.S.) through UCC adoption by all 50 states, the District of Columbia, and the U.S. territories.

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Vehicle identification number

A vehicle identification number (VIN) is a unique code, including a serial number, used by the automotive industry to identify individual motor vehicles, towed vehicles, motorcycles, scooters and mopeds, as defined in ISO 3779:2009.

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Redirects here:

Repo Man (agent), Repo man (agent), Reposession, Repossess, Repossessing, Repossession Agent.

References

[1] https://en.wikipedia.org/wiki/Repossession

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