Foreclosure meaning

Word: Foreclosure

Noun

Definitions:

1. The action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.

Example sentences: "Assistance for mortgage borrowers facing foreclosure"


Derivations:

foreclosed

foreclosing

foreclose


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Foreclosure in Other Languages...

Spanish: Hipoteca

German: Abschottung

French: Forclusion

Italian: Preclusione

Turkish: Haciz