Definition of repossession in English:



mass noun
  • The action of retaking possession of something, in particular when a buyer defaults on payments.

    ‘families had been threatened with repossession or eviction’
    count noun ‘a rise in home repossessions among young people’
    • ‘With respect to the requirement to provide notice of the intended repossession, the defendants rely upon the principle enunciated here.’
    • ‘The repossession stays on your report for seven years.’
    • ‘Estate agents report growing numbers of repossessions and young homeowners struggling to pay their monthly mortgages.’
    • ‘The entrances to the formerly inhabited buildings can be blocked against repossession once the animals move to their new homes.’
    • ‘Compared with the famine, the repossessions of the 1990s pale into insignificance.’
    • ‘The banks have been busy threatening debtors with repossession of their assets, resulting in more of them paying up.’
    • ‘If the mortgage rate has to go up to bring the price of houses down, it will create more homelessness because of repossessions.’
    • ‘The good news is that repossessions hit a record low in 2004.’
    • ‘He asks why he should be made to pay for the incompetence of the bureaucrat that bungled the repossession.’
    • ‘The total of Montreal-area landlord repossessions rose from 561 to 622 in one year.’