repossession (Meaning)
repossession (n)
the action of regaining possession (especially the seizure of collateral securing a loan that is in default)
repossession (n.)
The act or the state of possessing again.
Synonyms & Antonyms of repossession
repossession Sentence Examples
- The bank threatened to repossess the car if the payments were not made on time.
- After losing his job, the homeowner faced the prospect of repossession of his house.
- The repossession agency towed away the vehicle in the middle of the night.
- The lender obtained a court order for the repossession of the equipment.
- The company's assets were seized in a repossession action.
- The repossession process can be emotionally draining for homeowners.
- To avoid repossession, it is important to stay current on your loan payments.
- The repossession laws vary from state to state.
- The repossession agency had the authority to use reasonable force to take possession of the property.
- The repossessed goods will be sold at auction to satisfy the outstanding debt.
FAQs About the word repossession
the action of regaining possession (especially the seizure of collateral securing a loan that is in default)The act or the state of possessing again.
recovery,reclamation, recapture,retrieval, recruitment, recoupment,rescue, replenishment, redemption
loss, loss, misplacement,misplacement,
The bank threatened to repossess the car if the payments were not made on time.
After losing his job, the homeowner faced the prospect of repossession of his house.
The repossession agency towed away the vehicle in the middle of the night.
The lender obtained a court order for the repossession of the equipment.
