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foreclosure

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

noun

Law.

  1. the act of foreclosing a mortgage or pledge.

foreclosure Cultural  

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

Other Word Forms

  • antiforeclosure noun
  • nonforeclosure noun

Etymology

Origin of foreclosure

First recorded in 1720–30; foreclose + -ure

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.