repossess


re·pos·sess

transitive verb \ˌrē-pə-ˈzes also -ˈses\

: to take (something) back from a buyer because payments are not being made

Full Definition of REPOSSESS

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
re·pos·ses·sion \-ˈze-shən also -ˈse-\ noun
re·pos·sess·or \-ˈze-sər also -ˈse-\ noun

Examples of REPOSSESS

  1. The bank repossessed her truck.
  2. <if you don't pay off the loan, the bank will come and repossess your car>

First Known Use of REPOSSESS

15th century

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