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1. (n.) foreclosure
the act of foreclosing a mortgage or sometimes a pledge.
Etymology: (1720–30)
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| Definition of 'foreclosure' |
Princeton's WordNet |
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1. (noun) foreclosure
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
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| Definition of 'foreclosure' |
Webster Dictionary |
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1. (noun) foreclosure
the act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate
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Definitions of foreclosure 
