repossession
ree puh ze shuhn
- n the action of regaining possession (especially the seizure of collateral securing a loan that is in default)
- Since then, repossession statutes have been quietly dying in a number of states, most recently in Alaska, Iowa and Massachusetts.
- They have: Walter homes have a repossession rate half the national average.
- Everything is rooted in the soil, from Dhan's financial crisis that stems from the repossession of his livestock floated as security for a bad loan to the elemental .