English Dictionary

FORECLOSURE

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IPA (US): 

 Dictionary entry overview: What does foreclosure mean? 

FORECLOSURE (noun)
  The noun FORECLOSURE has 1 sense:

1. the legal proceedings initiated by a creditor to repossess the collateral for loan that is in defaultplay

  Familiarity information: FORECLOSURE used as a noun is very rare.


 Dictionary entry details 


FORECLOSURE (noun)


Sense 1

Meaning:

The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default

Classified under:

Nouns denoting acts or actions

Hypernyms ("foreclosure" is a kind of...):

legal proceeding; proceeding; proceedings ((law) the institution of a sequence of steps by which legal judgments are invoked)

Derivation:

foreclose (subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage)


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