foreclosure
noun
fore·clo·sure
(ˌ)fȯr-ˈklō-zhər 
: an act or instance of foreclosing
specifically
: a legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate
Examples of foreclosure in a Sentence
Recent Examples on the Web
Elvis Presley's granddaughter is suing to stop the planned foreclosure sale of his compound Graceland, alleging that the company involved not only forged documents, but doesn't actually exist.
—
Rachel Treisman, NPR, 21 May 2024
Elvis Presley Enterprises, which manages the Presley estate, also called the claims fraudulent and told The Times in a statement that there is no foreclosure sale.
—Angie Orellana Hernandez, Los Angeles Times, 21 May 2024
See all Example Sentences for foreclosure 
Rachel Treisman, NPR, 21 May 2024
Elvis Presley Enterprises, which manages the Presley estate, also called the claims fraudulent and told The Times in a statement that there is no foreclosure sale.
—Angie Orellana Hernandez, Los Angeles Times, 21 May 2024
See all Example Sentences for foreclosure
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'foreclosure.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Foreclosure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreclosure. Accessed 28 May. 2024.
Copy CitationLegal Definition
foreclosure
noun
fore·clos·ure
fōr-ˈklō-zhər
1
: a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory foreclosure, strict foreclosure sense 1
2
: the extinguishment (as under the provisions of Article 9 of the Uniform Commercial Code) of the rights of a debtor in personal property subject to a security interest by judicial proceedings and especially by judicial sale see also strict foreclosure sense 2
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