repossession
pronunciation
How to pronounce repossession in British English:
UK [ˌri:pəˈzeʃn]
How to pronounce repossession in American English:
US [ˌriːpəˈzeʃn]
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- Noun:
- the action of regaining possession (especially the seizure of collateral securing a loan that is in default)
Word Origin
- repossession (n.)
- 1580s, from re- + possession.
Example
- 1. Repossession proceedings were begun in half the cases and completed in one-third of them .
- 2. The number of homeowners in england and wales facing repossession soared to a 16-year high in the summer and this is going to get much worse .
- 3. A substantial proportion of the fiscal measures enacted and planned , as well as the initiatives to restructure mortgages either through private sector banks or government-sponsored entities , are intended to bail out borrowers and prevent the repossession of houses .