Visual meaning of 'repossessed'? - learn with images, example in daily life

Visual illustration of repossessed: To reclaim ownership of property for which payment remains due.

verb

To reclaim ownership of property for which payment remains due.

"Because Mark couldn't keep up with the car payments, the bank repossessed his car. "

property finance law business economy

Visual illustration of repossessed: To gain back possession of.

verb

To gain back possession of.

"to repossess oneself of something lost"

property finance business law