Foreclosure is when someone who has lent money to a person or organization so that they can buy property takes possession of the property because the money has not been repaid.
例句
If homeowners can't keep up the payments, they face foreclosure...业主如果未能按时交房贷,就会面临丧失抵押品赎回权的危险。If interest rates go up, won't foreclosures rise?如果利率上调,抵押品赎回权取消的情况也会增多吗?
英英词典释义
Noun
1. the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default