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  1. Dictionary
    re·pos·ses·sion
    /ˌrēpəˈzeSH(ə)n/

    noun

    • 1. the action of retaking possession of something, in particular when a buyer defaults on payments: "families had been threatened with repossession or eviction"

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    More definitions, origin and scrabble points

  2. www.merriam-webster.com › dictionary › repossessionRepossession Definition & Meaning - Merriam-Webster

    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. also -ˈse- noun. repossessor. ˌrē-pə-ˈze-sər. also -ˈse- noun. Synonyms. get back. re-collect. reacquire.

  3. en.wikipedia.org › wiki › RepossessionRepossession - Wikipedia

    Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings.

  4. dictionary.justia.com › repossessionrepossession Definition, Meaning & Usage | Justia Legal...

    repossession - The taking back of property by a creditor when the borrower fails to keep up loan payments, typically involving vehicles, and often resulting in negative credit report impacts and additional financial obligations.

  5. dictionary.cambridge.org › dictionary › englishREPOSSESSION | English meaning - Cambridge Dictionary

    REPOSSESSION definition: 1. the act of taking something back, or the thing that is taken back: 2. the act of taking…. Learn more.

  6. personalfinancelibrary.com › what-is-repossession-and-howWhat Is Repossession and How Does It Work?

    What is repossession? Repossession occurs when a bank or other authority claims ownership of some asset, usually to repay an outstanding debt. Assets that can be repossessed include cars, real estate, jewelry, or any other tangible object that can be used to reduce the amount owed. How Repossession Works.

  7. www.oxfordlearnersdictionaries.com › english › repossessionrepossession noun - Definition, pictures, pronunciation and usage...

    Definition of repossession noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

  8. www.nolo.com › dictionary › repossession-termRepossession Definition | Nolo

    A creditor's taking of property that has been pledged as collateral for a loan. Vehicles are the type of property most often repossessed: Lenders will repossess cars when the owner has missed loan or lease payments and has not attempted to work with the lender to resolve the problem.

  9. www.vocabulary.com › dictionary › repossessionRepossession - Definition, Meaning & Synonyms | Vocabulary.com

    the action of regaining possession (especially the seizure of collateral securing a loan that is in default)

  10. www.nolo.com › legal-encyclopedia › repossession-whatRepossession: What Creditors Can and Can't Take | Nolo

    Sep 20, 2022 · Repossessions are usually "self-help," which means the creditor takes the item without getting a court order ahead of time. Many states allow repossessors to enter private property to complete a repossession, so long as the taking is without breaching the peace.

  11. www.legalbriefai.com › legal-terms › repossessionrepossession - Meaning in law and legal documents, Examples and...

    Repossession, commonly referred to as 'taking back,' is the legal process where a lender or creditor reclaims possession of an asset, such as a car or home, from a borrower who has failed to make the required payments.