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Repossess is a verb that refers to the act of retaking possession or control of something, typically an object or property, by legal means. When an individual or an entity, such as a bank or a financial institution, repossesses an item, it means that they are reclaiming it from its owner due to the owner's failure to fulfill certain obligations, usually related to payment.
This action is often a result of a contractual agreement, such as in the case of a missed mortgage or loan payments, a lease default, or the inability to meet certain financial terms. Repossession is commonly associated with vehicles, homes, and other valuable assets.
In the legal process of repossession, the entity with the legal right to reclaim the property must follow specific procedures and guidelines established by relevant laws and regulations. These procedures usually involve providing written notices to the owner, detailing the specific reasons for the repossession and the steps that need to be taken to rectify the situation.
Once repossession is completed, the property is typically auctioned or sold, and the proceeds are utilized to cover any outstanding debts or dues. In some cases, the original owner may have the opportunity to reclaim the item by paying the outstanding debt or fulfilling the required obligations within a specified period.
Overall, repossess involves legally regaining control or possession of an object or property due to the failure of the owner to meet their financial obligations.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "repossess" originates from the merging of two Latin words: "re-" meaning "back" or "again", and "possidere" meaning "to possess". The Latin word "possidere" comes from the combination of "posse" meaning "to be able" and "sedere" meaning "to sit or settle". Over time, these Latin elements developed into Middle English and ultimately formed the word "repossess", which means to regain or take back possession of something, usually through legal means, after it has been taken away or defaulted on.
CONDITIONAL
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CONDITIONAL CONTINUOUS
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CONDITIONAL PERFECT
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would have repossess
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CONDITIONAL PERFECT CONTINUOUS
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would have been repossessing
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FUTURE
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will repossess
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FUTURE CONTINUOUS
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FUTURE PERFECT
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will have repossessed
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FUTURE PERFECT CONTINUOUS
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IMPERATIVE
you
repossess
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let´s repossess
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PAST
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PAST CONTINUOUS
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PAST PARTICIPLE
repossessed
PAST PERFECT
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PAST PERFECT CONTINUOUS
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PRESENT
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repossess
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repossess
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PRESENT CONTINUOUS
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am repossessing
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are repossessing
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PRESENT PARTICIPLE
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PRESENT PERFECT
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have repossessed
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PRESENT PERFECT CONTINUOUS
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have been repossessing
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