Judgment – That is a courtroom get and that is made by the court docket and which can be connected to a lawsuit. It basically decides who wins the case.
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Secured loan – This is a loan where the borrower will pledge his asset similar to a car or truck or property which will be sold if he is not able to fork out back again the loan.
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Repossess – The voluntary or forced surrender of items in the case of the buyer’s failure to pay for back again a loan.
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