WordNet Dictionary
Webster's 1913 Dictionary\Fore*clo"sure\ (?; 135), n. The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
Legal DictionaryThesaurus Terms
| Pronunciation: | fowr'klowzhur | ||
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| WordNet Dictionary | |||
| Definition: | [n] the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default | ||
| See Also: | legal proceeding, proceeding, proceedings | ||
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| Webster's 1913 Dictionary | |||
| Definition: | \Fore*clo"sure\ (?; 135), n. The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate. | ||
| Legal Dictionary | |||
| Definition: | A court proceeding upon default in a mortgage to vest title in the mortgagee. | ||
| Thesaurus Terms | |||
| Related Terms: | arrestation, debarment, determent, deterrence, discouragement, disendowment, disherison, disinheritance, disownment, dispossession, disseisin, estoppel, eviction, expropriation, forbiddance, forestalling, halt, obviation, preclusion, prevention, prohibition, reclaiming, repossessing, repossession, stay, stop, stoppage, stopping | ||
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