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3 definitions found

From: DICT.TW English-Chinese Dictionary 英漢字典

 fore·clo·sure /-ˈkloʒɚ/
 喪失抵押品贖回權

From: Webster's Revised Unabridged Dictionary (1913)

 Fore·clo·sure n. The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
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From: WordNet (r) 2.0

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