BNET Business Dictionary
Business Definition for: Repossession
- the return of goods purchased through an installment plan when the purchaser fails to make the required regular payments.
- See also Recourse Agreement
Additional Resources
- Repossession Notice
- This template is for repossession notice.
- Tools & templates
- Demand For Payment: Repossession Threat
- This template is for demand for payment with repossession threat.
- Tools & templates
- Notice Of Legal Action After Repossession Attempt
- This template is for notice of legal action after repossession attempt.
- Tools & templates
- Warning Of Repossession
- Use this template to warn about impending repossession of property if payments are not made.
- Tools & templates 2008-01-01
- Repossession Of Personal Property From An Installment Payment Sale
- If you have repossessed personal property with installment payments, you can use this tool to determine the gain or loss. This includes the reportable gain or loss after repossession costs are taken into account.
- Tools & templates 2008-01-01
- Repossession Of Personal Property From A Deferred Payment Sale
- If you have repossessed personal property from a deferred payment sale, you can use this tool to determine the gain or loss. This includes the reportable gain or loss after repossession costs are taken into account.
- Tools & templates 2008-01-01
- Repossession Of Real Property
- If you have repossessed real property, you can use this tool to determine the gain or loss as well as its new basis. This includes the reportable gain or loss after repossession costs are taken into account.
- Tools & templates 2008-01-01
- FSA fines mortgage lender GMAC £2.8m
- GMAC-RFC has become the first mortgage lender to be fined by the Financial Services Authority for levying unfair charges on borrowers in arrears. The specialist lender, which had focused on subprime and self-certification loans, will have to pay a £2.8m penalty, the biggest mortgage-related fine ever imposed by the FSA,...
- News items 2009-10-29
- Benefits of Unsecured Business Loans
- Secured business loans, used as a source of business capital, are disadvantageous not only because they can lead to repossession of asset if repayments are not made. Secured business loans come with many restrictions imposed by the loan provider. The loan provider, for instance, will insist on a particular debt-equity...
- White papers
- Cost if gas stays put: $1.4B; High price can drain economy.(gasoline prices effect industry)(Brief Article)
- Independent trucker Bob Esler has read how high fuel prices depress local commerce, but he doesn't need a report to tell him that. Several of his colleagues already are losing their trucks to repossession because diesel fuel is almost 9 cents more Independent...
- Research articles 2001-05-14
- Financial Federal Corporation F4Q08 (Qtr End 07/31/08) Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions Your first question comes from Sameer Gokhale – Keefe, Bruyette & Woods. Sameer Gokhale – Keefe, Bruyette & Woods You talked about potentially looking at opportunities, it seemed like acquisition opportunities. I was just wondering to what extent that might include...
- Earnings calls 2008-09-25
- Foreclosures ebb, but many Americans still losing homes: study
- WASHINGTON AFP — The high number of US home foreclosures ebbed last month, but banks and lenders still filed 223,538 repossession notices against financially stretched Americans, industry data showed Thursday. RealtyTrac, a California-based firm which tracks foreclosures across the country, said in a monthly survey that the rate of...
- Research articles 2007-10-11
- Ford Ranger EV Drivers Resist Repossession; 'Car Sit' Vigil to Save California's Pollution-Free, All-Electric Ford Ranger Trucks Begins This Weekend at Downtown Ford in Sacramento; Supporters Call on Ford to Revive its EV Program.
- Byline: Rainforest Action Network Byline: Rainforest Action Network
- Research articles 2005-01-14
- Great Plains Airlines' Lessors Seek Repossession.
- By D.R. Stewart, Tulsa World, Okla. Knight Ridder/Tribune Business News By D.R. Stewart, Tulsa World, Okla. Knight Ridder/Tribune Business News
- Research articles 2004-02-10
- Phoenix Asset Management Expands Its Product Line
- Asset Recovery and Repossession Are the First Two Products to Utilize the Atlantix Global Systems Brand
- Research articles 2008-06-04
- CSA gives car buyer a chance at higher attorneys' fee award
- A consumer who incurred nearly $50,000 in attorney's fees before settling a lawsuit with her credit union regarding a car loan and repossession was entitled to reasonable attorneys' fees, the Court of Special Appeals held yesterday. In an opinion by Judge James P. Salmon, the intermediate appellate court...
- Research articles 2003-09-10
- Illinois appellate court rules lawsuit can proceed to arbitration
- (This article originally ran in the St. Louis Daily Record, St. Louis, MO, another Dolan Media publication.) The 7th U.S. Circuit Court of Appeals ordered 14 airplanes leased by United Airlines repossessed, putting an end to the legal purgatory engulfing United and its lessors' indenture trustees. ...
- Research articles 2005-05-17
- Froggy meets repo man.
- Feb 25, 2002 The Daily Telegraph ABIX via COMTEX -- On 4 March 2002, a repossession sale of 80 classic luxury and sports cars is being held in Sydney. The auction, which is to be held at the Convention Centre, Darling Harbour, is expected...
- Research articles 2002-02-26
- Robert Swearingen joins Legal Services of Eastern Missouri
- Robert Swearingen has joined Legal Services of Eastern Missouri as a staff attorney in the organization's consumer unit. He was hired under a special grant legal services received from the National Legal Aid & Defender Association. In his new position, Swearingen will handle cases involving predatory lending practices,...
- Research articles 2007-06-07
- Forest Whitaker, Jude Law in futuristic drama: report
- LOS ANGELES AFP — Oscar-winner Forest Whitaker and British heart-throb Jude Law will team up for a futuristic drama about human organ transplants, it was reported on Monday. Whitaker scooped this year's best actor Academy Award for his turn as Ugandan dictator Idi Amin in "Last King of Scotland"...
- Research articles 2007-06-18
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