Repossession in a Sentence 🔊

Definition of Repossession

the act or process of taking back possession of something when a buyer defaults on payments

Examples of Repossession in a sentence

Repossession of the defaulting party's home happened after they no longer were able to afford the 1,200 a month mortgage payments. 🔊

During the repossession process, the bank sent a tow truck driver to find and bring in the SUV that it was taking possession of.  🔊

The judge decided to hold off on the lender's request for repossession and give the borrower time to pay off his debt before taking his property. 🔊

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