Examlex
What does every NIC made have?
Repossess
The act of taking back ownership of property, typically when a buyer fails to make the required payments.
Repossessing
The act of taking back possession of property, often because of failure to comply with a contract, such as defaulting on payments.
Guarantee
A formal assurance or promise, often by a manufacturer or seller, that certain conditions will be fulfilled, such as the quality or durability of a product.
Indemnity
A financial compensation mechanism for loss or damage, or provision for protection against potential financial liability.
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