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What does repossession mean?

Looking for the meaning or definition of the word repossession? Here's what it means.

Noun
  1. (uncountable) The condition of being repossessed
  2. (countable) The act of repossessing
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Examples
As the French had supposed they could reconquer, so the English looked forward to repossession.
You may be entitled to buy back the vehicle if you pay the full amount owed plus any expenses connected with its repossession, such as storage and preparation for sale.
As a lawyer involved in aircraft purchasing and repossession, he has seen aircraft ownership become divorced from airlines.
Tying the process of repossession in yet more knots will make it harder for the market to clear and for house prices to find a floor.
He asks why he should be made to pay for the incompetence of the bureaucrat that bungled the repossession.
Unless repossession forces a sale, homeowners prefer to sit tight when markets are weak.

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