repossessverb [ T ]
uk/ˌriː.pəˈzes/us/ˌriː.pəˈzes/to take back possession of something, especially property that has not been completely paid for:
I couldn't make my mortgage repayments so the bank repossessed my house.
See also
repo
Thesaurus: synonyms and related words
Mortgages & real estate
- brick
- chain
- endowment policy
- estate agency
- Fannie Mae
- Freddie Mac
- holding
- home buyer
- housebuyer
- land tenure
- landholding
- leasehold
- leaseholder
- lessee
- negative equity
- open house
- owner-occupied
- rateable value
- real estate agent
- title deed
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You can also find related words, phrases, and synonyms in the topics:
Capturing or taking possession of things