Repossession (en. Pagsasauli)

re-pos-session

Meaning & Definition

EnglishTagalog

noun

The process of reclaiming property from a debtor who is in default.

Repossession of vehicles typically occurs when the owner fails to pay.

Ang repossession ng mga sasakyan ay karaniwang nangyayari kapag hindi nagbayad ang may-ari.

A legal step where a lender reclaims property given in a loan.

Repossession after default involves a proper process that must be followed.

Ang repossession pagkatapos ng default ay naglalaman ng tamang proseso na dapat sundin.

From English, combining 're-' and 'possession'.

vehicle repossession

process of reclaiming a vehicle from the owner who has not paid.

pagsasauli ng sasakyan

debt

An obligation responsible for payment to a lender.

utang

loan

An amount given that must be returned to the lender.

pautang

The bank takes the property due to non-payment.

Wow, Mark got his car repossessed because he couldn't pay.

Aba, si Mark, napa-repossession ang kotse niya kasi di siya nakabayad.

Loss of something due to debt.

My flat screen TV is in repossession because I can't afford the monthly payments.

Nasa repossession na ang flat screen TV ko, kasi hindi ko na afford ang monthly.