Definition of foreclosure in English:


Syllabification: fore·clo·sure
Pronunciation: /ˌfôrˈklōZHər


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.

Definition of foreclosure in:

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Word of the day impudicity
Pronunciation: ˌimpyəˈdisitē
lack of modesty