repossess
transitive-verb
UK: /ˌriː.pəˈzes/
US: /ˌriː.pəˈzes/
To take back property because someone has failed to pay money owed on it.
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The bank can repossess your car if you don't pay.
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If she fails to make payments, the lender has the right to repossess the property.
To regain possession of something after it has been lost or taken away.
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The army managed to repossess the occupied territory.
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After a lengthy legal battle, the family managed to repossess their ancestral home.