foreclosure

[ fawr-kloh-zher, fohr- ]
/ fɔrˈkloʊ ʒər, foʊr- /

noun Law.

the act of foreclosing a mortgage or pledge.

Origin of foreclosure

First recorded in 1720–30; foreclose + -ure

Related forms

an·ti·fore·clo·sure, noun, adjectivenon·fore·clo·sure, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for foreclosure

Culture definitions for foreclosure

foreclosure


A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.