Question

what is mean by repossession...?​

Answer 1

Answer:

Repossession happens when somebody stops paying their secured loans. When that happens, the creditor can take back the property securing the loan

Explanation:

Hey guys morning mate

Answer 2

hi, here is your answer:-

Repossession is the term used to describe the taking back of property after a borrower has defaulted on payments. The lender either repossesses the collateral or pays a third-party service to do so.