Meaning of FORECLOSURE
| Pronunciation: | | fowr'klowzhur
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 WordNet Dictionary |
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| | Definition: | | [n] the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default |
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| | See Also: | | legal proceeding, proceeding, proceedings | |
| Webster's 1913 Dictionary |
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| | Definition: | | \Fore*clo"sure\ (?; 135), n.
The act or process of foreclosing; a proceeding which bars or
extinguishes a mortgager's right of redeeming a mortgaged
estate.
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| Legal Dictionary |
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| | Definition: | | A court proceeding upon default in a mortgage to vest title in the mortgagee. |
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| Thesaurus Terms |
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| | Related Terms: | | arrestation, debarment, determent, deterrence, discouragement, disendowment, disherison, disinheritance, disownment, dispossession, disseisin, estoppel, eviction, expropriation, forbiddance, forestalling, halt, obviation, preclusion, prevention, prohibition, reclaiming, repossessing, repossession, stay, stop, stoppage, stopping |
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