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repossess
[ree-puh-zes]
verb (used with object)
to regain ownership of; to take back, especially for failure to make due payment.
After the first few payments, the buyer defaulted on the contract, and we were forced to repossess the piano.
to give (someone) ownership of something again; restore something to (used withof ).
In 1814, a coalition of European powers defeated Napoleon and repossessed the ousted Bourbons of their throne.
repossess
/ ˌriːpəˈzɛʃən, ˌriːpəˈzɛs /
verb
to take back possession of (property), esp for nonpayment of money due under a hire-purchase agreement
to restore ownership of (something) to someone
Other Word Forms
- repossessable adjective
- repossession noun
- repossessor noun
- unrepossessed adjective
Word History and Origins
Origin of repossess1
Example Sentences
The stories of people facing court proceedings to repossess their homes have been shared with the BBC as mortgage repossessions reach a five-year high.
Seeking to repossess a home is "always a last resort" for lenders, said Karina Hutchins, a principal in the mortgage policy team at UK Finance, a trade association for the banking and financial services sector.
More than 11,000 households in England had their homes repossessed by bailiffs following a section 21 eviction in the year to June.
Mobile home buyers were defaulting on their loans, their mobile homes were being repossessed, and the people who had lent them money were receiving fractions of the original loans.
Caviness, 33, said he has been repossessing cars his entire adult life.
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