🏚️foreclosure

noun
/fɔːrˈkloʊʒər/

Meaning

The legal process by which a lender takes control of a property from a borrower who has failed to make payments.

Example Sentences

The family lost their home due to foreclosure after missing several mortgage payments.

Synonyms

repossession, seizure, forfeiture, confiscation

Antonyms

purchase, redemption

Collocations

foreclosure process, home foreclosure, foreclosure notice, avoid foreclosure

Related Vocabularies

the quality of being open and honest; the condition of being easily understood or seen through
An authoritative rule, law, or decree issued by a city, town, or authority.
A severe flood; an overwhelming quantity of something.
A quality or feature regarded as a characteristic or inherent part of someone or something.
a statement that explains the meaning of a word or concept
an accusation made in response to an accusation; mutual blaming

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