foreclosure
|fore/clos/ure|
B2
🇺🇸
/fɔrˈkloʊʒər/
🇬🇧
/fɔːˈkləʊʒə/
property seizure
Etymology
Etymology Information
'foreclosure' originates from the Old French word 'forclos,' which means 'shut out.'
Historical Evolution
'forclos' transformed into the Middle English word 'forclosen,' eventually becoming the modern English word 'foreclosure.'
Meaning Changes
Initially, it meant 'to shut out or exclude,' but over time it evolved into its current meaning of 'the legal process of taking possession of a mortgaged property.'
Meanings by Part of Speech
Noun 1
the process by which a lender takes control of a property from a borrower who has failed to make payments.
The bank initiated foreclosure proceedings on the property.
Synonyms
Antonyms
Last updated: 2025/01/30 23:06