Repossesses
/rɪˈpɒzɪsɪzɪz/
Definitions
- (v.) Third-person singular present tense of repossess, meaning to retake possession of property, typically upon default of payment or breach of contract.
The bank repossesses vehicles when borrowers fail to keep up with payments.
Forms
- repossess
- repossessed
- repossessing
Related terms
See also
Commentary
Use the base form repossess for full definitions; repossesses is its third-person singular present indicative.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.