Repossess (verb)

1. To take back possession of something that was previously owned, often due to non-payment of a loan or lease.
2. To regain possession of something that was lost or taken away.

Origin:

The word is formed by combining the prefix "re-" meaning "again" and the verb "possess" meaning "to take possession of something".

Examples:

1. The bank repossessed the car because the borrower defaulted on the loan.
2. The landlord repossessed the apartment after the tenant was evicted.
3. The company had to repossess the equipment because the customer failed to make payments.
4. He repossessed the stolen bike by using the GPS tracker.
5. The store repossessed the items that were not paid for.