repossession
5
6.7
- noun
- /ˌriːpəˈzɛʃən/
- Specialized
:
reposesión
- Consequently, the banks were forced to call in their loans, causing the recipients to sell their property, and thus a spiral of bankruptcies, repossessions, and turmoil emerged.
- car repossession
While borrowers face higher costs right now, this hasn't yet translated into mass repossessions.
- While borrowers face higher costs right now, this hasn't yet translated into mass repossessions.
- Car rates, the I mean car repossessions, all time high.
- Repo companies are so excited, yet still struggling to find enough workers that this could be the Christmas of repossessions.
- And what the reason the repo market is important is like repossession, you know, how valuable is the asset that you think is an asset?
Examples
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We don't own anything, just a vehicle that is in the process of repossession.
Blog text (23) -
Regarding the article about Spain, there have been more than 350,000 repossessions since the crisis.
Blog text (22) -
Please take action to avoid repossession of your camp.
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Repossession is well within our rights.
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How many repossessions, so far, this month?
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The damage a vehicle repossession can do to a person's credit score is nothing short of detrimental.
Blog text (18) -
I have a three-year-old car, and if I'm just two payments behind on it, they threaten repossession.
Blog text (25) -
Excellent, now I do have to inform you that if we don't receive payment by the end of the week, the company will have to start the repossession procedure.
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The firm based in Irvine, Calif., tracks notices for defaults, scheduled home auctions, and home repossessions.
Blog text (3) -
If you miss too many payments, the bank may initiate repossession of your home.
Synonyms
209
7.2
A legal way a lender takes a house when the owner stops paying the loan
53
9.0
Taking and holding a person's property to make them pay a debt
4
6.3
A thing that a lender takes back when payments stop
3
8.2
A legal loss of land, property or other things someone owns
To take a person's property by legal order to make them pay a debt
Getting something back that was once lost, sold, or given away
The official taking of private property by the government, often in a crisis
Antonyms
How Forceful
Surface Forms
Morphology
Etymology
The word repossession starts with re- meaning 'back' and the part possess meaning 'to have', so it gives the image of 'taking back what someone had'. That's why repossession now means when a lender takes back a house, car, or other property after payments are missed.