foreclosure meaning and definition

Definition and meaning of foreclosure at MeaningMonkey.org. foreclosure meaning and definition in the English Dictionary.

FORECLOSURE noun

Definition of foreclosure (noun)

the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default

Source: Princeton University Wordnet

If you find this page useful, share it with others! It would be a great help. Thank you!

Link to this page: