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foreclosure

noun

🔊/fɔːˈkləʊʒə(r)/

🔊/fɔːrˈkləʊʒər/

[uncountable, countable] (finance金融)

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the act of taking control of somebody's property because they have not paid back money that they borrowed to buy it; an example of this抵押品赎回权的取消