Repossession
volume
British pronunciation/ɹɪpəzˈɛʃən/
American pronunciation/ˌɹipəˈzɛʃən/

Definition & Meaning of "repossession"

Repossession
01

the action of taking property or goods back from someone, particularly because they can no longer continue paying for them as agreed

02

possessions such as a house, car, etc. that have been confiscated due to the owner's inability to return the borrowed money as agreed

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