Foreclosure

[fɔː'kləʊʒə] or [fɔr'kloʒɚ]

(noun.) the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default.

编辑:陌莉--From WordNet

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

整理:罗德尼