Home > Terms > English, UK (UE) > Foreclosure

Foreclosure

A legal procedure in which property mortgaged as security for a loan is sold to pay the defaulting borrower's debt.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Banking
  • Category: Mortgage
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Katrin Talan
  • 0

    Terms

  • 0

    Blossaries

  • 0

    Followers

Industry/Domain: Fitness Category: Workouts

Kickboard

Small foam board used for short sprints to develop leg power and speed when swimming. Held under the chest so that the arms are not involved in the ...

Contributor

Featured blossaries

Indonesia Famous Landmarks

Category: Travel   2 6 Terms

Nokia Fun Facts

Category: Other   1 6 Terms

Browers Terms By Category