What does REPOSSESS mean?
Definitions for REPOSSESS
ˌri pəˈzɛsre·pos·sess
This dictionary definitions page includes all the possible meanings, example usage and translations of the word REPOSSESS.
Princeton's WordNet
reclaim, repossessverb
claim back
take back, repossessverb
regain possession of something
GCIDE
Repossessverb
Specifically: To take possession of, for failure of the possessor to make payments owed for purchase of; -- used of real estate subject to mortgage payments and of other objects purchased on a time-payment plan, which may be taken back (repossessed) by the original vendor if the payments are not made on time.
Wiktionary
repossessverb
To reclaim ownership of property for which payment remains due.
Samuel Johnson's Dictionary
To Repossessverb
To possess again.
Etymology: re and possess.
How comes it now, that almost all that realm is repossessed of them? Edmund Spenser, State of Ireland.
Her suit is now to repossess those lands,
Which we in justice cannot well deny. William Shakespeare.Nor shall my father repossess the land,
The father’s fortune never to return. Alexander Pope, Odyssey.
Wikipedia
repossess
Repossession, colloquially repo, is a "self-help" type of action, mainly in the United States, in which the party having right of ownership of the property in question takes the property back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.The extent to which repossession is authorized, and how it may be executed, greatly varies in different jurisdictions (see below). When a lender cannot find the collateral, cannot peacefully obtain it through self-help repossession, or the jurisdiction does not allow self-help repossession, the alternative legal remedy to order the borrower to return the goods (prior to judgment) is replevin. The security interest over the collateral is often known as a lien. The lender/creditor is known as the lienholder.
ChatGPT
repossess
To repossess is to take back possession or ownership of something, especially for non-payment of money owed. It usually applies to items such as vehicles, property or goods purchased on credit from a company. It's a legal action that creditors often resort to when a debtor fails to fulfill their payment obligations or terms of a contract.
Webster Dictionary
Repossessverb
to possess again; as, to repossess the land
Chambers 20th Century Dictionary
Repossess
rē-poz-zes′, v.t. to possess again: to regain possession of.—n. Reposses′sion.
Matched Categories
Anagrams for REPOSSESS »
espressos
possesser
Numerology
Chaldean Numerology
The numerical value of REPOSSESS in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of REPOSSESS in Pythagorean Numerology is: 9
Popularity rank by frequency of use
References
Translations for REPOSSESS
From our Multilingual Translation Dictionary
- repossessDanish
- ανακτώGreek
- recuperarSpanish
- ulosmitataFinnish
- ath-shealbhaichScottish Gaelic
- repossessIndonesian
- taumanuMāori
- återtaSwedish
Get even more translations for REPOSSESS »
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"REPOSSESS." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/REPOSSESS>.
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