repossession

• Sustantivo que designa la acción de recuperar la posesión de un bien, especialmente la recuperación de un bien dado como garantía de un préstamo cuando el prestatario no cumple con los pagos.

A noun referring to the action of regaining possession, especially the seizure of collateral securing a loan that is in default.

1. Seizure of propertyB2formal

   The legal process by which a lender takes back property (such as a house or car) from a borrower who has failed to make the required payments.

   Recuperación de bienes por impago

   • The bank initiated repossession of the house after six months of missed payments.
   • He lost his car to repossession because he couldn't afford the loan.
   • Repossession can have a serious negative impact on your credit score.

   Sinónimosconfiscationdistraintforeclosureretakingseizure