Pronunciation: /ˌriː.pəˈzɛs/
verb to take back possession of something, especially when the owner has failed to make payments
A1 The bank repossessed the car when the owner couldn't make the payments.
A2 If you don't pay your mortgage, the bank may repossess your house.
B1 The landlord had to repossess the apartment after the tenant violated the lease agreement.
B2 The government has the power to repossess property in cases of tax evasion.
C1 The company had to repossess the equipment due to breach of contract by the client.
C2 The bank repossessed the yacht after the owner defaulted on multiple loans.
formal The bank has the legal right to repossess the car if the loan is not repaid on time.
informal If you don't make your payments, they can come and repossess your car.
slang If you don't cough up the cash, they'll come and repo your ride.
figurative Failure to meet the deadline may result in the company's decision to repossess the project.
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