Associations to the word «Foreclosure»

Wiktionary

FORECLOSURE, noun. (legal) the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments

Dictionary definition

FORECLOSURE, noun. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default.

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky