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Foreclosure   /fɔrklˈoʊʒər/   Listen
Foreclosure

noun
1.
The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default.





WordNet 3.0 © 2010 Princeton University


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"Foreclosure" Quotes from Famous Books



... of Graspum, and nothing could save him from utter ruin. It had lately been proved that the Rovero family, instead of being rich, were extremely poor, their plantation having long been under a mortgage, the holder of which was threatening foreclosure. ...
— Our World, or, The Slaveholders Daughter • F. Colburn Adams


Words linked to "Foreclosure" :   foreclose, proceeding, legal proceeding, proceedings


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