Foreclosure

n.

1.

The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.

Noun

1.

foreclosure - the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default

arrestation, debarment, determent, deterrence, discouragement, disendowment, disherison, disinheritance, disownment, dispossession, disseisin, estoppel, eviction, expropriation, forbiddance, forestalling, halt, obviation, preclusion, prevention, prohibition, reclaiming, repossessing, repossession, stay, stop, stoppage, stopping