Words / R / Business

repossession

noun/ˌriːpəˈzeʃən/

B2CEFR level
45/100Rarity: uncommon
TechnicalRegister

The reclaiming of an asset by a lender when the borrower fails to keep up the agreed payments.

After months of arrears the finance company arranged the repossession of the car.

Topic: Banking in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

Get words like repossession on your lock screen, a few a day, with review that makes them stick.

Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
QR code that opens Lexfall on the App Store
On a computer?Scan with your iPhone camera.

More business words: Banking