IPA: /ˌriːpəˈzɛsə/
KK: /ˌriːpəˈzɛsər/
A person or entity that takes back property or goods that were previously owned, usually because the owner failed to make payments or fulfill a contract.
The repossessor arrived to take back the car after the owner missed several payments.
Repossessor → It is formed from "re-" (meaning again) and "possessor" (from Latin "possidere", meaning to hold or possess). The word "repossessor" refers to someone who takes back possession of something, typically property or goods, that was previously owned.
Think of someone who is 'holding' ('possidere') something 'again' ('re-') — that's why a repossessor is someone who takes back what was once theirs.