repossession Definition in the Cambridge English Dictionary

Definition of “repossession” - English Dictionary

"repossession" in British English

See all translations

repossessionnoun [C or U]

uk   us   /ˌriː.pəˈzeʃ.ən/
the ​act of taking something back, or the thing that is taken back: house/​mortgage repossessions
See also
(Definition of repossession from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"repossession" in Business English

See all translations


uk   us   /ˌriːpəˈzeʃən/ (also informal repo) FINANCE, PROPERTY
[C or U] the ​act of repossessing something: The ​mortgagemarket has seen a ​markedincrease in repossessions. Housepricesfell and thousands were ​left facing repossession. Many ​banks are ​accused of being harsh in their repossession ​policies.
[C] a ​house that has been taken back by a ​bank because the ​owners cannot ​repay the ​loan that they took to ​buy it: When the ​house was ​sold as a repossession, it fetched just £45,000.
(Definition of repossession from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of repossession?
Add Cambridge dictionaries to your browser to your website

“repossession” in Business English

More meanings of “repossession”

Word of the Day

stop at nothing

If you stop at nothing to achieve something, you are willing to do anything in order to achieve it, even if it involves danger, great effort, or harming other people.

Word of the Day

There is no such thing as a true synonym in English. Discuss!
There is no such thing as a true synonym in English. Discuss!
by Kate Woodford,
November 25, 2015
In the Cambridge Advanced Learner’s Dictionary the word ‘synonym’ is defined as ‘a word or phrase that has the same or nearly the same meaning as another word or phrase in the same language’. As you might expect, definitions for this word are broadly similar in other dictionaries and yet the italicized

Read More 

climatarian adjective
climatarian adjective
November 23, 2015
choosing to eat a diet that has minimal impact on the climate, i.e. one that excludes food transported a long way or meat whose production gives rise to CO2 emissions Climate change is not normally on people’s minds when they choose what to have for lunch, but a new diet is calling for

Read More