foreclosure 1
noundomain: activity
Princeton WordNet [ver.3.1]
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EnglishDefinition
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Hypernym
proceeding 1
noun
(law) the institution of a sequence of steps by which legal judgments are invoked
EnglishDerivationally related form
foreclose 2
verb
subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
