repossess
Definitions
To retake possession of something, especially when a buyer fails to make required payments.
To regain possession of property or land previously held or owned.
Examples
The bank was forced to repossess the house after the owners failed to make their mortgage payments for six months.
If you do not keep up with your car loan installments, the finance company has the legal right to repossess your vehicle.
Synonyms
reclaim recover retrieve take back reacquire foreclose seize
Antonyms
return restore give back surrender relinquish release hand over