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