REPOSSESSION
repossession,n. The act or an instance of retaking property; esp., a seller’s retaking of goods
sold on credit when the buyer has failed to pay for them. — Often shortened to repo. Cf.
FORECLOSURE; RESCUE(3). [Cases: Secured Transactions 228. C.J.S. Secured Transactions
- § 151, 153–160, 180.] — repossess,vb.
[Blacks Law 8th]