foreclosure
/fɔːˈkləʊʒər/
/fɔːrˈkloʊʒɚ/ noun [C or U] Definition
› FINANCE, PROPERTY the act of taking back property that was bought with borrowed money because the money was not being paid back as agreed: There are concerns about the current housing market, where prices are falling and foreclosures are rising.go into/enter/face foreclosure When a number of homes go into foreclosure, neighborhood home values take a heavy hit. home/mortgage foreclosures a foreclosure filing/notice/suit a foreclosure auction/sale
(Definition of foreclosure noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Thesaurus
Our dictionaries
Browse the Dictionary
Word of the Day
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
