FORECLOSURE

foreclosure

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

Source: WordNet® 3.1


Noun

foreclosure (countable and uncountable, plural foreclosures)

(legal) the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments

(psychoanalysis) The absence of a symbolic father for a fatherless child, as a cause for psychosis.

Source: Wiktionary


Fore*clo"sure, n.

Definition: The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.

Source: Webster’s Unabridged Dictionary 1913 Edition



RESET



Word of the Day

20 November 2024

ENEMA

(noun) an injection of a liquid through the anus to stimulate evacuation; sometimes used for diagnostic purposes


coffee icon

Coffee Trivia

According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.

coffee icon