re·pos·sess /ˌrē-pə-'zes/ vt: to regain possession of; esp: to take possession of again by judicial process or self-help upon default of the payment of installments due compare foreclose, seize 2
re·pos·ses·sor /-'ze-sər/ n

Merriam-Webster’s Dictionary of Law. . 1996.

I verb capture, foreclose, obtain again, reacquire, recall, recapture, reclaim, recoup, recover, redeem, regain, replevy, retrieve, secure, seize, take back, take possession of associated concepts: attachment, security interest II index reclaim, recoup (regain), recover, redeem (repurchase)

Burton's Legal Thesaurus. . 2006

A right reserved by the seller in the supply contract or terms and conditions of business whereby the seller can (peacefully) enter premises and reclaim goods under certain stated circumstances.

Easyform Glossary of Law Terms. — UK law terms.

For a lender to take possession of an item or property if the person who borrowed money to purchase it fails to make payments.
repossession See also foreclose

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

To take back property that has been pledged as collateral for a loan. (See also: repossession)
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies

Nolo’s Plain-English Law Dictionary. . 2009.

   to take back property through judicial processes, foreclosure, or self-help upon default in required payments.

Law dictionary. . 2013.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • repossess — re‧pos‧sess [ˌriːpəˈzes] verb [transitive] FINANCE PROPERTY to take back a car, property etc from someone who had arranged to pay for them over a long time, but cannot now continue to pay for them: • Creditors are seeking to repossess 10 jets. *… …   Financial and business terms

  • Repossess — Re pos*sess (r[ e] p[o^]z*z[e^]s or r[ e] p[o^]s*s[e^]s ), v. t. 1. To possess again; as, to repossess the land. Pope. [1913 Webster] 2. Specifically: To take possession of, for failure of the possessor to make payments owed for purchase of; used …   The Collaborative International Dictionary of English

  • repossess — late 15c., to reoccupy; see RE (Cf. re ) back, again + POSSESS (Cf. possess). Meaning take back from a purchaser who defaults on payments first recorded 1933 …   Etymology dictionary

  • repossess — [v] take back get back, obtain again, reacquire, recapture, reclaim, recover, retake, retrieve; concepts 120,183 …   New thesaurus

  • repossess — ► VERB ▪ retake possession of (something) when a buyer defaults on payments. DERIVATIVES repossession noun repossessor noun …   English terms dictionary

  • repossess — [rē΄pə zes′] vt. 1. to get possession of again; specif., to take back from a buyer who has failed to make payments when due 2. Now Rare to put in possession again repossession [rē΄pəzesh′ən] n …   English World dictionary

  • repossess — UK [ˌriːpəˈzes] / US [ˌrɪpəˈzes] verb [transitive] Word forms repossess : present tense I/you/we/they repossess he/she/it repossesses present participle repossessing past tense repossessed past participle repossessed to take back something that… …   English dictionary

  • repossess — repossessable, adj. repossession /ree peuh zesh euhn/, n. repossessor, n. /ree peuh zes /, v.t. 1. to possess again; regain possession of, esp. for nonpayment of money due. 2. to put again in possession of something: to repossess the Bourbons of… …   Universalium

  • repossess — verb Repossess is used with these nouns as the object: ↑house …   Collocations dictionary

  • repossess — re|pos|sess [ˌri:pəˈzes] v [T] to take back cars, furniture, or property from people who had arranged to pay for them over a long time, but cannot now continue to pay for them →↑bailiff, repo man ↑repo man ▪ Eventually the bailiffs came to… …   Dictionary of contemporary English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”