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Also available:
World English Dictionary
Dictionnaire Français
foreclosure
fore·clo·sure
[
fawr klṓər
]
(
plural
fore·clo·sures
)
noun
Definition:
removal of right to redeem mortgage:
a legal process by which a mortgagee's right to redeem a mortgage is taken away, usually because of failing to make payments
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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