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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

The process of ending a mortgage and taking away the mortgaged property.

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Usage examples (38)
  • They were surprised to receive a foreclosure notice when they knew they had made every payment on time.
  • But the term foreclosure covers a very wide area with many sub-groups within it.
  • The average loan in foreclosure is 484 days delinquent, according to LPS Applied Analytics.
  • While laymen use the term foreclosure to mean a bank sale, the term refers to a credit-bid sale.
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The Open Dictionary of English is a collaborative project, based on Open Source materials, LearnThat resources, and partner APIs.
We give special thanks to our LearnThat volunteers, as well as Princeton University and Wiktionary for their Open Source word data. We're also grateful for the support given by Google, Wordnik.com, Dictionary.com, Stands4.com and YouTube, OEDILF.com, Kylescholz.com, Best-Practice.com, Forvo.com, as well as the generous Creative Commons community.