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- Taking back property or goodsLearn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.repossession noun [ C or U ] uk / ˌriː.pəˈzeʃ. ə n / us / ˌriː.pəˈzeʃ. ə n / (informal repo) Add to word list Add to word list the act of taking something back, or the thing that is taken back:dictionary.cambridge.org/dictionary/english/reposs…Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings.en.wikipedia.org/wiki/Repossession: to take possession of (something bought) from a buyer in default of the payment of installments due 2 : to restore to possessionwww.merriam-webster.com/dictionary/repossessionDefinition of "repossession" The taking back of property by a creditor when the borrower fails to keep up loan payments, typically involving vehicles, and often resulting in negative credit report impacts and additional financial obligationsdictionary.justia.com/repossessionDefinition of repossession noun from the Oxford Advanced Learner's Dictionary repossession noun /ˌriːpəˈzeʃn/ /ˌriːpəˈzeʃn/ [uncountable, countable] the act of repossessing property, goods, etc.www.oxfordlearnersdictionaries.com/definition/engli…
repossession Definition, Meaning & Usage | Justia Legal Dictionary
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