Updated: Aug 20, 2021

A remedy open to a creditor in certain circumstances (normally a landlord for rent due). After observing set procedurcs the creditor can enter the debtor’s premises and seize property, holding this property until the debt is paid.

Reference: The Penguin Business Dictionary, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.