repossess

UK
/ˌriːpəˈzɛs/
US
/ˌriːpəˈzɛs/

Translations

repossessverb
repossessed
Past Simple
repossessed
Past Participle
repossessing
Gerund
UK
/ˌriːpəˈzɛs/
US
/ˌriːpəˈzɛs/
The bank decided to repossess the car after the owner failed to make payments.
Банк решил взыскать автомобиль после того, как владелец не смог произвести платежи.
The lender has the right to repossess the property if the borrower defaults on the loan.
Кредитор имеет право изымать имущество, если заемщик не выполняет условия займа.

Definitions

repossessverb
To take back possession of something, especially property or goods, when a buyer defaults on payments.
The bank decided to repossess the car after the owner failed to make the monthly payments.
To take possession of again; to reclaim ownership or control of something previously owned.
After years abroad, the family returned to repossess their ancestral estate.