foreclosure Definition in the Cambridge English Dictionary
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Definition of “foreclosure” - English Dictionary

Definition of "foreclosure" - Business English Dictionary

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foreclosurenoun [C or U]

uk   /fɔːˈkləʊʒər/  us   /fɔːrˈkloʊʒɚ/
FINANCE, PROPERTY the ​act of taking back ​property that was ​bought with ​borrowedmoney because the ​money was not being ​paid back as ​agreed: There are ​concerns about the ​currenthousingmarket, where ​prices are ​falling and foreclosures are ​rising.go into/enter/face foreclosure When a ​number of homes go into foreclosure, ​neighborhoodhomevalues take a ​heavyhit. home/​mortgage foreclosures a foreclosure ​filing/​notice/​suit a foreclosure ​auction/​sale
(Definition of foreclosure from the Cambridge Business English Dictionary © Cambridge University Press)
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