foreclosure — the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments
Part of speech: NOUN
Definition: the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments
Pronunciation (IPA): /ˈfɔːrkloʊʒər/
Korean meaning: 담보대출금을 갚지 못할 때 담보물을 압류하는 절차
Korean pronunciation: **포**클로져
Example Sentences
- After losing his job, John couldn't avoid foreclosure on his dream house.
- The foreclosure notice arrived on the same day as his birthday cake - talk about bitter and sweet!
- Real estate investors often buy properties at foreclosure auctions for below-market prices.
foreclosure
NOUN//ˈfɔːrkloʊʒər//
the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments
the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments
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Foreclosure brings disclosure, testing one's composure
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Start for Free🎤Pronunciation
🌳Etymology
Origin
'fore(앞서)'와 'closure(닫다)'가 결합되어 '앞서 닫아버리다'는 의미로, 대출자가 갚기 전에 미리 담보권을 행사한다는 뜻에서 유래
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Start for Free🎵Rhyme
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Start for Free📝Examples
“After losing his job, John couldn't avoid foreclosure on his dream house.”
“The foreclosure notice arrived on the same day as his birthday cake - talk about bitter and sweet!”
“Real estate investors often buy properties at foreclosure auctions for below-market prices.”
“She hired a lawyer to fight the foreclosure, claiming the bank made an error in her payment records.”
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