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

16 May 2025

AMPHIPROSTYLAR

(adjective) marked by columniation having free columns in porticoes either at both ends or at both sides of a structure


coffee icon

Coffee Trivia

The first coffee-house in Mecca dates back to the 1510s. The beverage was in Turkey by the 1530s. It appeared in Europe circa 1515-1519 and was introduced to England by 1650. By 1675 the country had more than 3,000 coffee houses, and coffee had replaced beer as a breakfast drink.

coffee icon