Repossession – this legal term applies in Contract Law, where details the act of taking the possession of the property back, in the situation where the debtor has stopped paying their debt. For example lease contracts entitle the landlord to terminate these and claim repossession in case the tenant stops paying the (monthly) rent. The same occurs with leased cars, where the buyer stops paying the monthly installments to the lease company. Synonyms of “repossession” are “recovery”, “recuperation” and “revivification”.

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