What does repossess mean?

Looking for the meaning or definition of the word repossess? Here's what it means.

Verb (law) To reclaim ownership of property for which payment remains due. (dated, reflexive) To gain back possession of. Find more words! 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Reserving ownership rights ensures that the supplier can repossess the goods under certain conditions. Figures from the UK government showed a rise in court actions to repossess homes, a further sign that rate rises were being felt. Others in the oil industry have said that oil companies often take a tough stance when trying to repossess their filling stations from licensees. Former Mansa Batteries workers have supported Government plans to repossess the closed company and sell it to other investors. If the customer is unable to fulfill its obligations, the Company is contractually entitled to repossess the instrument. See Also What is another word for repossess? What is the opposite of repossess? Sentences with the word repossess Words that rhyme with repossess What is the past tense of repossess? What is the noun for repossess? Nearby Definitions reposits repository repositors repositories repositor repositions repossessed repossesses repossessing repossession repossessions repossessor 9-letter Words Starting With r re rep repo repos reposs reposse reposses