Repossessed goods definition

Repossessed goods. ’ means goods sold on credit that a retailer or other creditor reclaims as allowed by law after a buyer or debtor defaults on installment payments.
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Repossessed goods means goods sold on credit that a retailer or other creditor reclaims as
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Examples of Repossessed goods in a sentence

  • Repossessed goods should initially be offered for sale through any public means of communication, such as newspapers or the radio, or through brokers for properties or through automotive dealers for vehicles or to other similar businesses.

  • Repossessed goods are those received by the Company for non-payment of obligations due from a debtor, for example: vehicles or properties.

Related to Repossessed goods

  • Distressed merchandise means an alcoholic product in the possession of the

  • Finished Goods means units of a manufactured product awaiting sale.

  • Merchandise means any personal property offered or sold for use in connection with the funeral, final disposition, memorialization, or interment of human remains, but which is exclusive of interment rights.

  • Returned Goods means all right, title and interest in and to returned, repossessed or foreclosed goods and/or merchandise the sale of which gave rise to a Receivable; provided that such goods shall no longer constitute Returned Goods after a Deemed Collection has been deposited in a Collection Account with respect to the full Outstanding Balance of the related Receivables.

  • Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

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