0 past simple and past participle of repossess --
1 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.
In the past 18 months, more than 100,000 families have had their homes repossessed.
What happens when those people's homes are repossessed?
Many are former council houses that have been repossessed.
I have heard of many fishermen who will have their homes and boats repossessed.
It is paid by those whose homes are now repossessed in record numbers when the mortgage can no longer be afforded.
At the end of 1990, 44,000 were repossessed.
Since 1979, 50,000 families nationally have been evicted and had their homes repossessed by banks or building societies.
It is important to know that definition because, if a school defaulted on its payments, are we to assume that those assets could be repossessed?
