IPA: /ˌriːpəˈzɛs/
KK: /ˌriːpəˈzɛs/
To take back something that was previously owned, usually because the owner failed to make payments.
The bank had to repossess the car after the owner missed several payments.
Past: repossessed
Past Participle: repossessed
Repossess → It is formed from "re-" (meaning again) and "possess" (from Latin "possidere", meaning to hold or own). The word "repossess" means to hold or own something again, typically after it has been taken away.
Think of 'holding' something 'again' — 're-' means again, and 'possess' means to hold or own.