American English pronunciation
How to pronounce foreclosure
IPA transcription: [fɔɹk'loʊʒɚ]
Pronunciation variants: [fɔɹk'loʊʒɚ][fɚk'loʊʒɚ]
Hear “foreclosure” pronounced
[fɚk'loʊʒɚ]
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[fɚk'loʊʒɚ]
Quality: 0.97
[fɚk'loʊʒɚ]
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Noun
-
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Usage examples
- Anyone may bid on properties sold at a foreclosure sale.
- Such mortgage requires payment or the owner of the mortgage can seek foreclosure.
- Many apartment complexes faced foreclosure, bankruptcy, and changes in ownership.
- "Cash is king" is relevant also to households, that is, to avoid foreclosures.