REPOSSESSION Definition

REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

Learn new Accounting Terms

APPROPRIATION ACCOUNT is a separate account for which specific dollar amounts are authorized and appropriated.

CAPITAL COMMITMENT is an agreement to undertake capital expenditure at some set time in the future which has not yet become an actual liability.

Enter Search Term

Enter a term, then click the entry you would like to view.