Definition

The process of taking back property or goods that were previously sold or leased, usually because the owner has failed to make payments.

Example

The bank initiated the repossession of the car after the owner missed several payments.

Conversation

Did you hear about Sarah's car getting taken back?

Yeah, I heard it was because of a repossession situation.

That's really tough; I can't imagine how she feels right now.

I know, right? It's a scary thought for anyone in debt.

Synonyms & Antonyms

Root Explanation

Repossession → It is formed from "re-" (meaning again) and "possession" (from Latin "possidere", meaning to hold or occupy). The word refers to the act of taking back something that was previously held or owned.

Memory Tip

Think of 'again' ('re-') and 'holding' ('possidere') to remember that repossession means taking back something that was once yours.

Visually Confused Words