Outrageously Funny Word Dictionary :: Deaccessions

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What is the definition of deaccessions? 🙋

👉 Deaccessions, also known as digital accessions or physical accessions, refer to a process where a borrower transfers ownership of their property from one party to another. This can happen for various reasons such as foreclosure, divorce, death, or other legal processes that transfer ownership. The process involves transferring the title and all associated rights, including liens, from the original owner to the new buyer. Deaccessions are typically done through a legal document, often in writing, which specifies the terms of


deaccessions

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