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inoh

foreclosure

Meaning 1

Legal process of taking ownership of property for unpaid debt.

“The bank announced the foreclosure of the abandoned house on Maple Street.”

Illustration of foreclosure: Legal process of taking ownership of property for unpaid debt.

Meaning 2

termination of a mortgage agreement

“The bank announced the foreclosure of the house.”

Illustration of foreclosure: termination of a mortgage agreement

Meaning 3

termination of a mortgage

“The bank announced the foreclosure of the house.”

Illustration of foreclosure: termination of a mortgage