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The Collaborative International Dictionary of English v.0.48 (gcide)

Repossess \Re`pos*sess"\ (r[-e]`p[o^]z*z[e^]s" or
r[-e]`p[o^]s*s[e^]s"), v. t.
1. To possess again; as, to repossess the land. --Pope.
[1913 Webster]

2. Specifically: 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.
[PJC]

{To repossess one's self of} (something), to acquire again
(something lost).
[1913 Webster]