repossessors
They reclaim collateral
Repossessors are people or companies that take back property when the owner fails to make required payments.
The term most commonly applies to those who reclaim vehicles, though repossessors also recover furniture, electronics, and other financed goods.
The work often involves tracking down assets and removing them, sometimes under tense circumstances.
The repossessors showed up at 3 a.m. to take the car.
Claim securing debt
- writCourt-issued directive
- foreclosureLender seizes mortgaged property
- evictionForced departure from rental
- garnishmentCourt-ordered debt collection
distraint · levy · attachment · sequestration · forfeiture · confiscation · expropriation · deficiency
Preset standard option
- delinquencyCriminal or neglectful behavior
- arrearsOverdue financial obligations
- collateralSecurity for debt
- creditorOne owed money
borrower · lender · mortgage · loan · finance · overdue · insolvency · bankruptcy
Means of transport
- automobileSelf-propelled passenger conveyance
- carWheeled motor vehicle
- truckHeavy freight vehicle
- motorcyclePowered two-wheeler
boat · aircraft · equipment · furniture · appliance · collateral · inventory · machinery
Official seizure or detention
- towingPulling another vehicle along
- bootingInitializing a computer system
- auctionCompetitive public sale
- retrievalAct of getting back
reclaim · recapture · self-help · snatch · grab · lift · hook
Professional who finds absconders
- locksmithLock and key specialist
- auctioneerConducts public sales
- detectiveProfessional crime investigator
- investigatorOne who examines evidence
lien
Claim securing debt
- writCourt-issued directive
- foreclosureLender seizes mortgaged property
- evictionForced departure from rental
garnishment · distraint · levy · attachment · sequestration · forfeiture · confiscation · expropriation · deficiency · notice
default
Preset standard option
- delinquencyCriminal or neglectful behavior
- arrearsOverdue financial obligations
- collateralSecurity for debt
creditor · borrower · lender · mortgage · loan · finance · overdue · insolvency · bankruptcy · dunning
vehicle
Means of transport
- automobileSelf-propelled passenger conveyance
- carWheeled motor vehicle
- truckHeavy freight vehicle
motorcycle · boat · aircraft · equipment · furniture · appliance · collateral · inventory · machinery · trailer
impoundment
Official seizure or detention
- towingPulling another vehicle along
- bootingInitializing a computer system
- auctionCompetitive public sale
retrieval · reclaim · recapture · self-help · snatch · grab · lift · hook
skiptracer
Professional who finds absconders
- locksmithLock and key specialist
- auctioneerConducts public sales
- detectiveProfessional crime investigator
investigator · sheriff · tracker · courier · spotter · driver · dispatcher
repossessorsdebtors
Those who owe money
borrowers · defaulters · mortgagors · lessees · buyers