foreclosure
noun [ C or U ] finance & economics, law specialized uk/fɔːˈkləʊ.ʒər/ us/fɔːrˈkloʊ.ʒɚ/
止赎; 取消抵押品赎回权
the action of taking back property that was bought with borrowed money because the money was not being paid back as formally agreed, or an example of this
She is another homeowner facing foreclosure. 她是另一位面临止赎的房主。
His firm handles about 3,000 mortgage foreclosures a year. 他的公司每年处理大约 3,000 宗抵押止赎案。
See: foreclose
- More examples
- They are struggling to avoid foreclosure.
- Home foreclosures also rose as homeowners were unable to pay their loans.
- We're facing a foreclosure crisis that we haven't seen in a generation.