Seizure

Distress
Distress involves the seizure of goods as a security for the performance of an obligation, often seen in landlord-tenant relationships and situations where goods are unlawfully on another's land.
Take
The term 'take' can have multiple interpretations depending on the context, ranging from profit realization to the act of seizing property, as well as particular connotations in the securities market.

Accounting Terms Lexicon

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