Meaning Of The Word Foreclosure
What's the definition of Foreclosure? Find Foreclosure meanings, definitions and more at the Real Dictionary online.
Foreclosure Meaning
| Foreclosure Definition |
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What's The Definition Of Foreclosure?
foreclosure
variable noun: Foreclosure is when someone who has lent money to a person or organization so that they can buy property takes possession of the property because the money has not been repaid. foreclosure in American English the legal procedure for satisfying claims against a mortgagor in default who has not redeemed the mortgage: satisfaction may be obtained from the proceeds of a forced sale of the property noun: the act of foreclosing a mortgage or pledge foreclosure in Finance noun: Foreclosure is the act of a lender, especially a mortgage lender, taking the collateral on a loan when loan payments are not made. |
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