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Definitions for
"Foreclose"
Keywords:
tact
,
preclude
,
honest
,
forbids
,
shut
To shut up or out; to preclude; to stop; to prevent; to bar; to exclude.
ftp.uga.edu
keep from happening or arising; have the effect of preventing; "My sense of tact forbids an honest answer"
wordnet.princeton.edu
Keywords:
seizes
,
default
,
debtor
,
held
,
liquidate
Legal action that will liquidate property held as security for a debt in the event of a default in payments by the debtor.
cambridgecap.com
The process by which a lender seizes an asset (usually a home or other real estate) after the owner has defaulted on the loan.
insurance.com
Keywords:
redeem
,
mortgagors
,
right
,
failure
,
subject
subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
wordnet.princeton.edu
To end someone's right to property because of their failure to perform the terms of the contract.
nfa.org
Keywords:
repaid
,
acquire
,
security
,
serviced
,
loan
To acquire the security for a loan if the loan cannot be serviced or repaid.
financial-planning.uk.com