Repossession/ˌriːpəˈzeʃn/ Definition 1 of 2Pro Tip 1/3Negative Connotation Repossession often implies financial distress and can invoke a sense of loss or injustice. The family dreaded the repossession of their farm. Pro Tip 2/3Legal Process Repossession usually involves legal procedures and may require court action. He received legal notice about the repossession of his car. Pro Tip 3/3Contract Importance Understanding contract terms can prevent surprise repossessions. Neglecting the fine print in her lease led to the repossession of her belongings.