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foreclosure

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foreclosure


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Foreclosure  \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. 
 
  From  WordNet  r  1.6  [wn]: 
 
  foreclosure 
  n  :  the  legal  proceedings  initiated  by  a  creditor  to  repossess 
  the  collateral  for  loan  that  is  in  default 




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