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Foreclosure

noun

Definitions

Noun
  1. 1
    The proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments. countable, uncountable
  2. 2
    the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default wordnet
  3. 3
    The absence of a symbolic father for a fatherless child, as a cause for psychosis. countable, uncountable

Etymology

From foreclose by analogy with closure, equivalent to fore- + closure.

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