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Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner.
The Belle's new owners raised the boat from the riverbottom and planned to move the vessel upstream for repairs. [11] However, a lack of engines and expensive repairs that proved necessary before the vessel could be moved [ 12 ] meant that the restoration of the vessel was economically unfeasible, and the Brazos Belle was sold for scrap, [ 10 ...
Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal.
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
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Big Red Boat I: 1965: 1985–2000: 38,772 GT / 39,241 GRT: Also known as Oceanic for Home Lines, Sold to Pullmantur Cruises in 2000 and to Peace Boat in 2009. Scrapped in 2012. StarShip Majestic: 1970: 1988–1995: 17,042 GT: Previously Spirit of London for P&O Cruises and Sun Princess for Princess Cruises. Sold in 1995. Capsized and sank in 2016.