The word 'repossess' is correct and widely used in written English.
It means to take back possession of something, typically due to non-payment or breach of contract. Example: The bank repossessed the car as the borrower failed to make timely loan payments. Other examples: 1. The landlord had to repossess the apartment after the tenants repeatedly violated the terms of their lease. 2. The government repossessed the land from the developers due to environmental concerns. 3. The authorities are currently in the process of repossessing several homes that were purchased with fraudulent loans.
There are, they point out, two sides to collateral: enforcing the bank's right to repossess an asset is as important as recognising the owner's right to possess it.
Banks will not accept grave land as collateral since they cannot repossess it".What else can you do in a village but dress up and die?" asks Mr LyimoAfter a minute's rest, Mr Lyimo joins hundreds of guests along the track to the house of the deceased.
Creditors' applications to repossess houses increased by 29% to 33,442 in the first quarter of 2006 from the same period a year earlier.The rise in bankruptcies is prompting banks to tighten their lending criteria and increase the rates they charge customers with spotty credit records.
They decided to repossess the gallium to raise money to pay miners' salaries, they claimed.
James Somerset was a slave who had absconded while in England and whose master went to court to repossess him.
One American firm leases cars to people with bad credit who cannot get a loan, knowing that if payments are missed it can block the ignition and find the car to repossess it.
But sovereign defaults are quite different from business bankruptcies as it is far harder for creditors to repossess the assets of a sovereign entity than to repossess the assets of a company (an unarmed Argentinian naval vessel detained in Ghana for ten weeks in 2012 was an exception).
In the event it mixed a few sensible ideas (faster help for those whose banks threaten to repossess their houses) with a few dotty ones (luring first-time buyers into a falling market).
Cars are also easier to repossess and resell.So while losses are likely to mount, lenders do not face a mortal threat.
"As banks repossess families' homes, empty bank property needs to be repossessed by the public.
There was a tendency to universalize certain particularist statements of the Hebrew: in Amos 9 11 fol. the prophecy that David's dynasty will repossess the residue of Edom becomes a promise that the residue of men (the Gentiles) will seek the true God a promise that is quoted in the New Testament as a "testimony" to the Christian Gentile mission.
