repossession
repossession Lexical Profile
repossession Game Scores & Validity
• noun
The legal action of retaking possession of property or goods (such as a house or vehicle) when a buyer defaults on loan or mortgage payments.
"The bank threatened repossession of the family home after three consecutive missed mortgage payments."
The act or process of regaining ownership, control, or custody of something previously lost or surrendered.
"The treaty guaranteed the peaceful repossession of the disputed border territory."
• Rhymes for repossession
• Nearby Words
Word Origin & Etymology
Formed in the 17th century from the prefix 're-' (meaning 'back' or 'again') and 'possession', which comes via Old French from the Latin 'possessio' (a holding or seizing). The modern financial sense of a creditor reclaiming unpaid goods became widespread in the early 20th century with the rise of installment credit.