repossession
🇺🇸
/ˌriːpəˈzeʃn/
🇬🇧
/ˌriːpəˈzeʃn/
Taking back something that was given out or lent, especially property or belongings.
The bank started the process of repossession after the homeowner failed to make payments.
Something that has been taken back, like a house or a car.
The car was sold at an auction after it went into repossession.