foreclosure

English Thesaurus

1. the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default (noun.act)

hypernym	:	legal proceeding, proceeding, proceedings,
definition	:	(law) the institution of a sequence of steps by which legal judgments are invoked (noun.act)

derivation	:	foreclose,
definition	:	subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage (verb.possession)

derivation	:	foreclose,
definition	:	subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage (verb.possession)