Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Repossession
In the case of secured loans, any borrower who fails to meet the terms of their agreement may have their home repossessed by the lender, as a means to recoup the outstanding loan balance.
