foreclosure
Foreclosure (noun) means the legal process of a lender repossessing property after the borrower stops paying the mortgage. Example: “Rising unemployment led to a wave of foreclosures.”
How to use foreclosure
Learner’s notesIn plain EnglishWhen a bank takes back a house or property because the owner stopped paying the mortgage.
Word forms
- Plural
- foreclosures
Fill the gap
Can you complete this real example?
Rising unemployment led to a wave of _____.
Etymology
From foreclose, shaped by analogy with closure.