See Also: Foreclosure(money)
Foreclosure(finance)
foreclosure(dictionary)
foreclosure(encyclopedia)
Foreclosure(law)
Judicial Foreclosure(money)
Nonjudicial Foreclosure(money)

foreclosure (iou)



foreclosure noun. E18.
[from FORE- + CLOSURE.]
Law. The action of foreclosing a mortgage or depriving a mortgagor of the right of redemption; a proceeding to bar the right of redeeming mortgaged property.