Failure to repay a loan

John W Hill has written:

'District of Columbia' -- subject(s): Default (Finance), Finance, Public, Public Finance

Yes, the lender can recover the vehicle any time after the lending contract becomes in default.

Failure to repay borrowed money in a timely manner is called.

Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy