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- to take something back from a person who is buying it over a period of time because they cannot continue to pay for it:
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From Project Gutenberg. Repossess definition: to regain ownership of; to take back, especially for failure to make due payment. See examples of REPOSSESS used in a sentence.
to take something back from a person who is buying it over a period of time because they cannot continue to pay for it: The lender may repossess the property to recoup the loan. have sth repossessed In the last credit crisis over five thousand families had their homes repossessed.
1. a. : to regain possession of. b. : to take possession of (something bought) from a buyer in default of the payment of installments due. 2. : to restore to possession. repossession. ˌrē-pə-ˈze-shən.
to take something back from a person who is buying it over a period of time because they cannot continue to pay for it: The lender may repossess the property to recoup the loan. have sth repossessed In the last credit crisis over five thousand families had their homes repossessed.
repossess. From Longman Dictionary of Contemporary English Related topics: Loans re‧pos‧sess /ˌriːpəˈzes/ verb [ transitive] to take back cars, furniture, or property from people who had arranged to pay for them over a long time, but cannot now continue to pay for them → bailiff, repo man Eventually the bailiffs came to repossess the ...
Repossession refers to taking back property through judicial processes, foreclosure, or self-help when a borrower fails to make required payments. Many types of property are subject to repossession when there are loans securing the property or liens on the property, such as houses, cars, and furnishings.
Definition of repossess verb in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
