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repossess (v.)

1550s, "to reoccupy, regain possession of;" see re- "back, again" + possess. Meaning "take back from a purchaser who defaults on payments" is recorded by 1933. Related: Repossessed; repossessing.

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Definitions of repossess from WordNet

repossess (v.)
claim back;
Synonyms: reclaim
repossess (v.)
regain possession of something;
Synonyms: take back
From wordnet.princeton.edu