REPOSSESSION Definition

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

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PENSION MAXIMIZATION is a controversial strategy, often espoused by life insurance agents, of using insurance to augment a company benefit plan. Under this arrangement, a retiree takes pension payments for his or her own life only and buys life insurance to provide for a surviving spouse. Also known as pension max.

T as the fifth letter in a Nasdaq stock symbol indicates that the stock has warrants or rights.

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