repossess

(redirected from repossessing)
Also found in: Dictionary, Thesaurus.

repossess

v. to take back property through judicial processes, foreclosure, or self-help upon default in required payments.

repossess

verb capture, foreclose, obtain again, reacquire, recall, recapture, reclaim, recoup, recover, regain, replevy, retrieve, secure, seize, take back, take possession of
Associated concepts: attachment, security interest
See also: reclaim, recoup, recover, redeem

repossess

to take back possession of property, especially for nonpayment of money due under a hire-purchase agreement. The right is circumscribed in many systems.
References in periodicals archive ?
RBS has tried to cut off my income by repossessing the premises but I have found somewhere else," said Mr Riley.
The Ministry of Justice said while there was no evidence that other lenders were repossessing properties without court orders, it wanted to close the loophole.
THE practice of repossessing a property after the homeowner has defaulted on just one mortgage repayment could soon be curtailed.
Nationwide, HBOS, Lloyds TSB, and Northern Rock all admit they chase borrowers to recoup losses AFTER repossessing homes.
BAILIFFS are repossessing a dozen homes a day in Merseyside.