repossess Meaning in the Cambridge English Dictionary
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Meaning of “repossess” in the English Dictionary

"repossess" in British English

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repossessverb [T]

uk   us   /ˌriː.pəˈzes/
to take back ​possession of something, ​especiallyproperty that has not been ​completelypaid for: I couldn't make my ​mortgagerepayments so the ​bank repossessed my ​house.
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(Definition of repossess from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"repossess" in Business English

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repossessverb [T]

uk   us   /ˌriːpəˈzes/ (also informal repo) FINANCE, PROPERTY
to take something back from a ​person who is ​buying it over a ​period of ​time because they cannot continue to ​pay for it: The ​lender may repossess the ​property to ​recoup the ​loan.have sth repossessed In the last ​creditcrisis over five thousand families had their homes repossessed.
(Definition of repossess from the Cambridge Business English Dictionary © Cambridge University Press)
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