Reserving ownership rights ensures that the supplier can repossess the goods under certain conditions. |
If the loan fails the bank will not repossess the goods, they will just chase you for the cash. |
He said as soon as the go-ahead was given after the meeting, the council would proceed to repossess the idle plots. |
If the customer is unable to fulfill its obligations, the Company is contractually entitled to repossess the instrument. |
This also means that, in certain situations, the finance company can repossess the car if you break the contract. |
Remember, lenders don't want to bring homeowners to court or repossess their home. |