repossession in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
REPOSSESSION: The act of reclaiming property by a lender or seller from a borrower or buyer who has failed to meet the terms of a loan or purchase agreement.
Sample Sentences
- The bank initiated the repossession of the car after the owner failed to make payments.
- After months of missed mortgage payments, the family faced the painful reality of repossession.
- The repossession process can be emotionally draining for those who lose their homes.
- She was relieved to negotiate a settlement before the repossession of her property occurred.
- During the economic downturn, many businesses faced repossession of their equipment and assets.