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foreclosure

[fawr-kloh-zher, fohr-] /fɔrˈkloʊ ʒər, foʊr-/
noun, Law.
1.
the act of foreclosing a mortgage or pledge.
Origin
1720-1730
1720-30; foreclose + -ure
Related forms
antiforeclosure, noun, adjective
nonforeclosure, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for foreclosure
  • But it also depends on the speed and outcome of the foreclosure process and on the efficacy of official interventions.
  • In contrast, next door is what appears to be a dilapidated steel plant facing foreclosure.
  • But the city has been battered by foreclosure and may now be losing residents.
  • The cost of foreclosure is not solely born by lenders and borrowers.
  • Now, however, the anti-foreclosure team itself is facing foreclosure.
  • foreclosure has allowed them to stabilize the family business.
  • Much of it will be dealt with through the slow and painful process of default and foreclosure.
  • The author was in the highest foreclosure zone in the country and didn't mention it.
  • Its unemployment rate and foreclosure rate are both well below the national average.
  • The rich are not suffering from foreclosure or lack of medical insurance or loss of jobs.
Word Origin and History for foreclosure
n.

1728, from foreclose + -ure.

Online Etymology Dictionary, © 2010 Douglas Harper
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foreclosure in Culture

foreclosure definition


A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Difficulty index for foreclosure

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Word Value for foreclosure

16
19
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