# Collapse position Term Repos are non-callable loans where both borrowers and lenders commit to borrowing and lending for the full term. Neither party to a transaction is able to terminate the transaction prior to the repurchase date. Borrowers are, however, able to negotiate to purchase Term Repo Tokens that represent claims against their repurchase obligation from lenders. To the extent borrowers obtain corresponding Term Repo Tokens, they will be able to collapse the two positions (asset and liability) by burning the Term Repo Tokens against their repurchase balance by calling the `borrowerCollapseLoan`function. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.term.finance/protocol/term-repos/collapse-position.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.