verb
- taking back possession of something, especially property or goods, typically due to failure to make payments
Usage: present participle of repossess
Examples
- The bank is repossessing the house after three missed mortgage payments.
- They’re repossessing cars from customers who defaulted on their loans.
- The company specializes in repossessing furniture from delinquent buyers.
- She watched helplessly as they were repossessing her belongings.
- The credit union began repossessing boats from members behind on payments.
- He works for a firm that handles repossessing commercial equipment.