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repossess

[ree-puh-zes] /ˌri pəˈzɛs/
verb (used with object)
1.
to possess again; regain possession of, especially for nonpayment of money due.
2.
to put again in possession of something:
to repossess the Bourbons of their throne.
Origin
1485-1495
1485-95; re- + possess
Related forms
repossessable, adjective
repossession
[ree-puh-zesh-uh n] /ˌri pəˈzɛʃ ən/ (Show IPA),
noun
repossessor, noun
unrepossessed, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for repossess
  • There will be so many defaults, the government won't be able to repossess.
  • The main one is that the buyer may default on the loan and you will be forced to repossess a business you no longer want.
  • If a borrower defaults, there is no house to repossess.
  • He snarls and giggles and, at one point, threatens to repossess the puppets of a street impresario who owes him money.
  • If you do not make payments you owe on a loan secured by property, the lender may foreclose on the loan or repossess the property.
  • Your lender has a security interest in your car and if you fail to pay, the lender can sue you or repossess your car.
  • Foreclosure is the legal process a bank uses to repossess a home when the owner doesn't make payments.
  • repossess merchandise or have service discontinued.
  • The dealer then may repossess the car and the consumer would lose the investment in the vehicle.
  • So if you fail to make your payments, then legally the creditor can repossess the car and sell it.
British Dictionary definitions for repossess

repossess

/ˌriːpəˈzɛs/
verb (transitive)
1.
to take back possession of (property), esp for nonpayment of money due under a hire-purchase agreement
2.
to restore ownership of (something) to someone
Derived Forms
repossession (ˌriːpəˈzɛʃən) noun
repossessor, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for repossess
v.

late 15c., "to reoccupy;" see re- "back, again" + possess. Meaning "take back from a purchaser who defaults on payments" first recorded 1933. Related: Repossessed; repossessing.

Online Etymology Dictionary, © 2010 Douglas Harper
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11
12
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