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Definition of Foreclasure

Fore*clo"sure (?; 135), n. The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.

- Webster's Unabridged Dictionary (1913)

  • (law) the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments
- The Nuttall Encyclopedia

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The correct Spelling of this word is: Foreclosure

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