foreclosure
🇺🇸
/fɔːrˈkləʊʒər/
🇬🇧
/fɔːˈkləʊʒə(r)/
noun
R
A legal process where a lender takes back a property because the borrower has failed to repay a loan.
The threat of foreclosure loomed over the family after they fell behind on their mortgage payments.
translation
A legal process where a lender takes back a property because the borrower has failed to repay a loan.
Word Forms
Plural
foreclosures