Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun The act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.

from The Century Dictionary.

  • noun The act of foreclosing; the act of depriving a mortgager of the right of redeeming his mortgaged estate.

from 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.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun law the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments

from 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

Etymologies

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