repossess

Definition of "repossess"
  1. The act of claiming back property used as security for a loan
How to use "repossess" in a sentence
  1. The bank had to repossess their car when they couldn't pay back their loan on time.
  2. Unable to meet the loan repayments, John had everything he owned repossessed.
  3. After months of non-payment, the finance company decided it was time to repossess the household goods.

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