Level 6 · word 13,491 of 20,000

foreclosure

/fɔːrˈkloʊʒər/ American
  • n. 止赎, 收回抵押物
Definition
  • n. the legal process of taking property from someone who has failed to repay a loan
Example
The bank started foreclosure after months of missed payments.
在几个月未能还款后,银行启动了止赎程序。