Associations to the word «Foreclosure»

Wiktionary

FORECLOSURE, noun. (legal) the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments

Dictionary definition

FORECLOSURE, noun. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default.

Wise words

A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in color and content according to the circumstances and time in which it is used.
Oliver Wendell Holmes, Jr.