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1. WordNet® 3.0 (2006)
foreclosure
    n 1: the legal proceedings initiated by a creditor to repossess
         the collateral for loan that is in default

2. The Collaborative International Dictionary of English v.0.48
Foreclosure \Fore*clo"sure\ (?; 135), n.
   The act or process of foreclosing; a proceeding which bars or
   extinguishes a mortgager's right of redeeming a mortgaged
   estate.
   [1913 Webster]

3. Bouvier's Law Dictionary, Revised 6th Ed (1856)
FORECLOSURE, practice. A proceeding in chancery, by which the mortgagor's 
right of redemption of the mortgaged premises is barred or foreclosed 
forever. 
     2. This takes place when the mortgagor has forfeited his estate by non-
payment of the money due on the mortgage at the time appointed, but still 
retains the equity of redemption; in such case the mortgagee may file a 
bill, calling on the mortgagor, in a court of equity, to redeem his estate 
presently, or in default thereof, to be forever closed or barred from any 
right of redemption. 
     3. In some cases, however, the mortgagee obtains a decree for a sale of 
the land, under the direction of an officer of the court, in which case the 
proceeds are applied to the discharge of encumbrances, according to their 
priority. This practice has been adopted in Indiana, Kentucky, Maryland, 
South Carolina, Tennessee, and Virginia. 4 Kent, Com., 180. When it is the 
practice to foreclose without a sale, its severity is mitigated by enlarging 
the time of redemption from six months to six months, or for shorter 
periods, according to the equity arising from the circumstances. Id. Vide 2 
John. Ch. R, 100; 6 Pick. R. 418; 1 Sumn. R. 401; 7 Conn. R. 152; 5 N; H. 
Rep. 30; 1 Hayw. R. 482; 5 Han. R. 554; 5 Yerg. 240; 2 Pick. R. 40; 4 Pick. 
R. 6; 2 Gallis. 154; 9 Cowen's R. 346; 4 Greenl. R. 495; Bouv. Inst. Index, 
h.t. 



Thesaurus Results for Foreclosure:

1. Moby Thesaurus II by Grady Ward, 1.0
arrestation, debarment, determent, deterrence, discouragement, disendowment, disherison, disinheritance, disownment, dispossession, disseisin, estoppel, eviction, expropriation, forbiddance, forestalling, halt, obviation, preclusion, prevention, prohibition, reclaiming, repossessing, repossession, stay, stop, stoppage, stopping
Common Misspellings >
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