Repossess \Re`pos*sess"\ (r[-e]`p[o^]z*z[e^]s" or r[-e]`p[o^]s*s[e^]s"), v. t. 1. To possess again; as, to repossess the land. --Pope.
2. Specifically: To take possession of, for failure of the possessor to make payments owed for purchase of; -- used of real estate subject to mortgage payments and of other objects purchased on a time-payment plan, which may be taken back (repossessed) by the original vendor if the payments are not made on time. [PJC]
{To repossess one's self of} (something), to acquire again (something lost).
At Eastern, executives worry that lenders could repossess assets if a threatened strike takes hold.
COURT ORDERS to repossess mortgaged houses fell 2.7 per cent in the first quarter of the year, compared with the previous quarter.
"Obviously, it's hard to repossess somebody's hair," he says.
A US developer who is investing more than DM800m in eastern Germany recently paid out more than DM1m as compensation to a former owner of a property who had tried to repossess it.
Mr de Crespigny was able to repossess the assets because an ailing Bond group could not meet the terms of the arrangement.