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Repossession শব্দের বাংলা অর্থ: পুনরধিকার
Repossession Meaning In Bengali পুনরধিকার
Repossession
পুনরধিকার,
Definition
1) The action of regaining possession of something, especially when it has been taken away or seized due to non-payment or failure to meet certain obligations, such as in the case of a property or a vehicle being repossessed by a lender.
2) The legal process by which a creditor takes back possession of property that was used as collateral for a loan or debt that has not been repaid according to the terms of the agreement.
3) The act of seizing or taking back an item or asset from its owner due to default on payments or breach of a contract, often carried out by financial institutions or creditors.
Examples
Repossession Example in a sentence
1) The bank initiated repossession proceedings after the homeowner failed to make mortgage payments.
2) Due to nonpayment, the car was at risk of repossession by the finance company.
3) The repossession of the landlord's property was carried out by a court-appointed officer.
4) After defaulting on the loan, the borrower faced repossession of their personal belongings.
5) The repossession of the equipment was a last resort for the business to recover its losses.
6) The repossession notice stated that the debtor had a limited time to make payment arrangements.
7) The repossession of the vehicle occurred late at night while the owner was sleeping.
8) The repossession process involved an auction to sell off the seized assets.
9) When the tenant abandoned the apartment, the landlord filed for repossession of the premises.
10) Avoiding repossession of your property requires timely payment of all dues.
Part of Speech
Repossession (Noun)
Synonyms
Repossession , Recapture - (SYNONYM) পুনরধিকার
Encyclopedia
The action of regaining possession of something, especially when it has been taken away or seized due to non-payment or failure to meet certain obligations, such as in the case of a property or a vehicle being repossessed by a lender.
The legal process by which a creditor takes back possession of property that was used as collateral for a loan or debt that has not been repaid according to the terms of the agreement.
The act of seizing or taking back an item or asset from its owner due to default on payments or breach of a contract, often carried out by financial institutions or creditors.
