foreclosure meaning, foreclosure definition | English Cobuild dictionary

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  ( 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?     
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