Entry 1 sense Webster, 1913 Repossession /(r?`p?z-z?sh"?n [or] -p?s s?sh"?n)/ · Re·pos·ses·sion · IPA /rˌiːpəzˈɛʃən/ 01 n. The act or the state of possessing again. 1. The act or the state of possessing again.