Wednesday, 26 May 2010

foreclosure

(real estate) NOUN -- a legal proceeding that bars or extinguishes a right; the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default

Example: "By year-end, it is estimated that more than 6 million families will face foreclosure on their homes."
In the news: dispatch.com and mercurynews.com
Dictionary: foreclosure
Pronunciation: foreclosure
Previous quiz: week-260410

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