Foreclosure
Related Definitions
[n] the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Related Terms
arrestation, debarment, determent, deterrence, discouragement, disendowment, disherison, disinheritance, disownment, dispossession, disseisin, estoppel, eviction, expropriation, forbiddance, forestalling, halt, obviation, preclusion, prevention, prohibiti