repo man noun1 •(US, informal) A man employed by a finance company or similar lender to repossess property which is the security for a loan or subject of a lease and where payments have not been made by the borrower or lessor at agreed times (i.e. one that is in default).I'm a repo man. It's a repossesser. I take back cars from dildos who don't pay their bills. Cool huh? — 1984 formsrepo men