Definition of repossession in US English:
repossession
nounˌrēpəˈzeSH(ə)nˌripəˈzɛʃ(ə)n
The action of retaking possession of something, in particular when a buyer defaults on payments.
families had been threatened with repossession or eviction
count noun a rise in home repossessions among young people
Example sentencesExamples
- The entrances to the formerly inhabited buildings can be blocked against repossession once the animals move to their new homes.
- With respect to the requirement to provide notice of the intended repossession, the defendants rely upon the principle enunciated here.
- The total of Montreal-area landlord repossessions rose from 561 to 622 in one year.
- The banks have been busy threatening debtors with repossession of their assets, resulting in more of them paying up.
- If the mortgage rate has to go up to bring the price of houses down, it will create more homelessness because of repossessions.
- The repossession stays on your report for seven years.
- The good news is that repossessions hit a record low in 2004.
- Compared with the famine, the repossessions of the 1990s pale into insignificance.
- Estate agents report growing numbers of repossessions and young homeowners struggling to pay their monthly mortgages.
- He asks why he should be made to pay for the incompetence of the bureaucrat that bungled the repossession.