Definition
To foreclose means to take legal action to seize property due to unpaid debt.
Why It Matters
Foreclosure results in loss of property for borrowers.
Example
A bank seizing a home after missed payments.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
To foreclose means to take legal action to seize property due to unpaid debt.
Foreclosure results in loss of property for borrowers.
A bank seizing a home after missed payments.