Result of a loan default, briefly Crossword Clue Answer

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Question: Result of a loan default, briefly

Solution: REPO

REPO Definition 1:
Of or relating to the business of taking property from people who have stopped making the payments that they agreed to make to pay for it .
Examples:
A repo company
Their car was taken/repossessed by the repo man. [=a man whose job is to take things from people who are not paying for them]

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