Vocab Bloom Hub

foreclosure

/fɔːˈkləʊ.ʒər/

Traduction: Processus juridique par lequel un créancier reprend possession d'un bien donné en garantie lorsque l'emprunteur n'a pas respecté les conditions du prêt.

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noun

C1formalcommonlegal/fɔːˈkləʊ.ʒər/

A legal process in which a lender takes possession of a property used as collateral after the borrower fails to meet the terms of the loan agreement.

  • 🇫🇷Processus juridique par lequel un créancier reprend possession d'un bien donné en garantie lorsque l'emprunteur n'a pas respecté les conditions du prêt.
  1. Legal repossession C1 formal legal

    The legal process by which a lender takes possession of a property when the borrower fails to make required payments on the loan.

    • The bank initiated foreclosure proceedings after six months of missed mortgage payments.
    • Many families lost their homes during the foreclosure crisis.
    • He received a foreclosure notice in the mail yesterday.

    🇫🇷Saisie immobilière

    Synonymes: forfeiturerepossessionseizure

  • foreclosures plural form
  • foreclosures' possessive plural form
  • foreclosure's possessive singular form