Definition of foreclosure in English:

foreclosure

Syllabification: fore·clo·sure
Pronunciation: /fôrˈklōZHər
 
/

noun

  • The process of taking possession of a mortgaged property as a result of the mortgagor’s failure to keep up mortgage payments.
    More example sentences
    • The plaintiff is proceeding with a sale under a power of sale in a mortgage - not by way of foreclosure or judicial sale.
    • All civil litigation is filed with the prothonotary, including unpaid debt, mortgage foreclosures and personal injury cases.
    • A transaction for which land transfer tax is payable includes a final order of foreclosure under any mortgage or charge affecting land.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little