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Meaning of FORECLOSURE

Pronunciation:  fowr'klowzhur

 
WordNet Dictionary
 
 Definition: 
[n]  the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
 

FORECLOSURE is a 11 letter word that starts with F.

 

 See Also: legal proceeding, proceeding, proceedings

 

 

Webster's 1913 Dictionary
 
 Definition: 
\Fore*clo"sure\ (?; 135), n.
The act or process of foreclosing; a proceeding which bars or
extinguishes a mortgager's right of redeeming a mortgaged
estate.

 
Legal Dictionary
 
 Definition: A court proceeding upon default in a mortgage to vest title in the mortgagee.
 
Thesaurus Terms
 
 Related Terms: arrestation, debarment, determent, deterrence, discouragement, disendowment, disherison, disinheritance, disownment, dispossession, disseisin, estoppel, eviction, expropriation, forbiddance, forestalling, halt, obviation, preclusion, prevention, prohibition, reclaiming, repossessing, repossession, stay, stop, stoppage, stopping
 

 

 

 

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