foreclosure meaning, foreclosure definition | English Cobuild dictionary

Search also in: Web News Encyclopedia Images
Collins

foreclosure

  
  ( foreclosures    plural  ) Foreclosure is when someone who has lent money to a person or organization so that they can buy property takes possession of the property because the money has not been repaid.     (BUSINESS)      n-var  
If homeowners can't keep up the payments, they face foreclosure..., If interest rates go up, won't foreclosures rise?     
Translation English Cobuild Collins Dictionary  
Add your entry in the Collaborative Dictionary.

Advertising