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One who assumes control by default? Crossword Clue

7 letters · New York Times · Saturday, February 28, 2015 · 12-Down

Appeared in 1 New York Times Crossword: Saturday, February 28, 2015.

Exact puzzle match · New York Times · February 28, 2015 · 12-Down · 7 letters

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What does this clue mean?

A man employed by a finance company or similar lender to repossess property which is the security for a loan or subject of a lease and where payments have not been made by the borrower or lessor at agreed times (i.e. one that is in default).

noun

WordNet® (Princeton University)

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One who assumes control by default? Crossword Clue (7 Letters) | CrosswordAlly