Examlex
Distribution channels around the world are highly differentiated.However these differences cannot be explained just by culture and income level of the existing market.What is the different between organic growth and franchising?
Repossessed Vehicle
A vehicle taken back by a lender or seller from the buyer due to failure to make agreed payments.
Deficiency
The difference between the amount owed on a loan and the proceeds from the sale of the asset securing the loan, if the sale amount does not cover the loan balance.
Breach Of The Peace
An act that disturbs public tranquility or order.
Repossession
The process by which a creditor takes back property from the borrower due to failure to meet the repayment terms of the loan.
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