What is the correct word to put "clearance" or "repossession" and why in the sentence below?
Q: We’re behind with our mortgage repayments and have been threatened with (29B) _____. What should we do?
A repossession B clearance C sale D seizure
(Taken from the exercise)
P.S.: As for me "clearance" is as good as "repossession".

Q: We’re behind with our mortgage repayments and have been threatened with (29B) ____. What should we do?
A: Don’t panic. No one can (30C) ___ you from you your home without the say-so of a court. But it’s essential to talk to your (31C) ___ about how you’re planning to deal with your mortgage. If you have less than $16,000 in savings and a mortgage smaller than 400,000$, you may be able to make use of the Homeowner Mortgage Support Scheme. The scheme allows people struggling to pay their mortgage (32A) __ paying all or part of the interest for up to two years to give them time to get back on their financial feet.

Question

What is the correct word to put "clearance" or "repossession" and why in the sentence below?
Q: We’re behind with our mortgage repayments and have been threatened with (29B) _____. What should we do?
A repossession	B clearance	C sale	D seizure
(Taken from the exercise)
P.S.: As for me "clearance" is as good as "repossession".

Q: We’re behind with our mortgage repayments and have been threatened with (29B) ____. What should we do?
A: Don’t panic. No one can (30C) ___ you from you your home without the say-so of a court. But it’s essential to talk to your (31C) ___ about how you’re planning to deal with your mortgage. If you have less than $16,000 in savings and a mortgage smaller than 400,000$, you may be able to make use of the Homeowner Mortgage Support Scheme. The scheme allows people struggling to pay their mortgage (32A) __ paying all or part of the interest for up to two years to give them time to get back on their financial feet.

Answer

Hi, "A" (repossession) is definitely better than "B" (clearance). This is because "repossession" is a specific legal term that means that when you can't repay your debts, the court can authorize someone to come to your house to "repossess" things (i.e., take things from your house) to sell and pay down the money you owe.

Answer

A - repossession = most used in this case 
D - seizure = in bankruptcy cases and companies off debt limit.

Answer

The word clearance actually refers getting rid of old stock, usually at very reduced prices. It is closely related to the term  'on sale' and is sometimes used  as 'clearance sale'. When something is 'on sale' it means the price has been reduced.  However, if the owner of the store wants to get rid of old stock to make room for new stock, they will sometimes offer things 'on sale' at drastically reduced prices. We would call that a 'clearance' or 'clearance sale'.

It's common to see clearance sales during the change of seasons in clothing stores when businesses want to sell as much of one season's clothing to make room for the upcoming season's clothing. As well, you will often see stores that are going out of business have a 'clearance sale'.

'Did you hear that Morgan's Shoes is going out of business?  They are having a clearance sale and everything is 70% off the original price!'

So as you can see, clearance has a very different meaning than repossession.

Hint: Be careful not to confuse 'on sale' with 'for sale'.

Answer

Англійська мова ЗНО 2011. Збірник тестових завдань А.М. Несвіт

Answer

Саша, а название книги и автора не подскажешь, откуда взято упражнение?
Спасибо.

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