foreclosure
fo·rec·lo·sure
noun
1.
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Origin
From foreclose by analogy with closure, equivalent to fore- + closure.
Phrases
- market foreclosure
- widow foreclosure
Related words
Word family
Broader terms
WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). CMU Pronouncing Dictionary. WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.