foreclosure
noun
UK/fɔːˈkləʊ.ʒəʳ/
US/fɔːrˈkloʊ.ʒɚ/
Definitions of foreclosure noun
- Countable(可數名詞)Uncountable(不可數名詞)finance & economics(金融與經濟)
The legal process by which a lender takes possession of a property when the borrower fails to make mortgage payments, or an instance of this.
止贖；取消抵押品贖回權
Their house is facing foreclosure due to the inability to repay their loan.
由於無法償還貸款，他們的房子面臨法拍。
The economic downturn caused a sharp increase in foreclosure cases.
經濟衰退導致法拍案件急劇增加。
The bank initiated foreclosure proceedings and took back the house.
銀行啟動了法拍程序並收回了房子。