Repossess

/ˌriːpəˈzes/

verb

To take something back because the person did not follow rules or pay money they were supposed to.

After he missed three payments, the bank repossessed his car.

Definition 1 of 2

Pro Tip 1/3

Used in contexts where payment obligations have not been met, often linked to loans and finance agreements.

If the debtor doesn't settle his debt, the creditors will repossess the goods.

Pro Tip 2/3

Repossession involves a legal process and rights, usually by a financial institution or lender.

The company initiated repossession proceedings for the overdue equipment.

Pro Tip 3/3

The word often carries a negative feeling, particularly for the person experiencing repossession.

Having her motorcycle repossessed was a low point in Jenna’s life.

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