单词 | foreclosure |
释义 | foreclosure (once / 1756 pages) n When a homeowner can't afford to pay her mortgage, she might face foreclosure, which is when a bank repossesses a borrower's house. A bank most often starts foreclosure proceedings against someone who's taken out a loan to buy a house when that person stops making monthly payments. The agreement a borrower makes when she gets a bank mortgage is that she'll pay a certain amount of money every month, and failing to do it means risking foreclosure. The word foreclosure comes from the Latin words fors, "out," and clore "to shut." WORD FAMILYforeclosure: foreclosures+/foreclose: foreclosed, forecloses, foreclosing, foreclosure USAGE EXAMPLESChristie’s figures also apparently include an estimate that $60 million will be spent on public notices of pending foreclosures, a fee paid for by banks. Seattle Times(Dec 31, 2016) “By bringing down the foreclosure rate, it will help shore up housing prices for everyone.” Washington Post(Dec 30, 2016) "By bringing down the foreclosure rate, it will help shore up housing prices for everyone." Los Angeles Times(Dec 30, 2016) n the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default Hyper legal proceeding, proceeding, proceedings (law) the institution of a sequence of steps by which legal judgments are invoked |
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