repossess definition: 1. to take back possession of something, especially property that has not been completely paid for….
The others returned, the room filled again, benches were reclaimed and repossessed, and another hour of pleasure or of penance was to be sat out, another hour of music was to give delight or the gapes, as real or affected taste for it prevailed. For example, if an individual fails to render prompt payments on a new car, the car might be subject to repossession by the finance company, which has extended the credit.
The taking back of an item that has been sold on credit and delivered to the purchaser because the payments have not been made on it.