Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “foreclosure”

foreclosure

noun [C or U]     /fɔːˈkləʊʒər/ US   /fɔːrˈkloʊʒɚ/
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)
Focus on the pronunciation of foreclosure

Word of the Day

warm-up

something that you do to prepare yourself for an activity, especially gentle exercises before a physical activity

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More