noun
foreclosure
noun
1
The legal process of a lender repossessing property after the borrower stops paying the mortgage.
"Rising unemployment led to a wave of foreclosures."
"The family lost their home to foreclosure."
How to Use Foreclosure
Learner’s notesIn plain EnglishWhen a bank takes back a house or property because the owner stopped paying the mortgage.
Common pairings
foreclosure process
face foreclosure
avoid foreclosure
Word Forms
foreclosures plural
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Rising unemployment led to a wave of _____.
Etymology
From foreclose, shaped by analogy with closure.