Webster's Revised Unabridged Dictionary · 1913

Repossess

Repossess (re`poz*zes" or re`pos*ses") , transitive verb

1.
To possess again; as, to repossess the land. — Pope
2.
To take possession of, for failure of the possessor to make payments owed for purchase of; -- used of real estate subject to mortgage payments and of other objects purchased on a time-payment plan, which may be taken back (repossessed) by the original vendor if the payments are not made on time.
Collocations (1)
To repossess one's self of , to acquire again (something lost).