repossession
Noun
Meaning
The act or the state of possessing again.
Source: Webster's dictionarySynonyms
Antonyms
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Examples
The repossession by women of our bodies will bring far more essential change to human society than the seizing of the means of production by workers.
After a short leave, during which they get married and kill a slug that seems to have been targeting Sam for repossession, Sam and Mary return to work.
In the episode, Jennings drives a 1968 Dodge Charger—the same body style as The General Lee. citation " Lizard Lick Towing " featured an episode with its repossession specialists Ronnie Shirley and Bobby Brantley commandeering a General Lee replica.
The banks called in all outstanding loans, repossession notices were placed on anything not previously sold, and the Internal Revenue Service put a lock on the laboratory door until delinquent taxes were paid.
If a finance company takes possession of a mortgaged property from a debtor, it is called foreclosure in AmE and repossession in BrE.
A repossession is a creditor taking possession of property pledged as collateral on a loan contract on which a borrower has fallen significantly behind in payments.