Definition of foreclosure noun from the Oxford Advanced Learner's Dictionary

 

foreclosure

 noun
noun
BrE BrE//fɔːˈkləʊʒə(r)//
 
; NAmE NAmE//fɔːrˈkloʊʒər//
 
[uncountable, countable](finance)
 
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the act of foreclosing on money that has been borrowed; an example of this
See the Oxford Advanced American Dictionary entry: foreclosure