Foreclosure
ahd-5
noun.
The act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.
The Century Dictionary and Cyclopedia
noun.
The act of foreclosing; the act of depriving a mortgager of the right of redeeming his mortgaged estate.
the GNU version of the Collaborative International Dictionary of English
noun.
The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
Wiktionary, Creative Commons Attribution/Share-Alike License
noun.
the
proceeding
, by a
creditor
, to
regain
property
or other
collateral
following a
default
on
mortgage
payments
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
noun.
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Word Usage
"The average loan in foreclosure is 484 days delinquent, according to LPS Applied Analytics."
cross-reference
strict foreclosure
to open a foreclosure
Hypernym
Words that are more generic or abstract
legal proceeding
proceeding
proceedings
Rhyme
Words with the same terminal sound
closure
composure
crozier
disclosure
enclosure
Same Context
Words that are found in similar contexts
antitrust
bankruptcy
divorce
ebay
federal
Synonym
Words with the same meaning
arrestation
debarment
determent
deterrence
discouragement