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foreclosure

/fɔːˈkləʊʒə(r)/noun

उच्चारण फ़ॉक्लोज़र

(कर्ज़ न चुकाने पर) गिरवी संपत्ति पर कब्ज़ा, फ़ोरक्लोज़र

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noun
  1. 1

    [C, U] finance, law

    the act of taking control of somebody's property because they have not paid back the money that they borrowed to buy it

    (कर्ज़ न चुकाने पर) गिरवी संपत्ति पर कब्ज़ा, फ़ोरक्लोज़र

    • Thousands of families lost their homes through foreclosure during the crisis.

    Synonyms repossession

  2. 2

    [C, U] Indian English

    the act of paying back the whole of a loan before the end of the agreed period

    (ऋण का) समय से पहले पूरा भुगतान

    • Radhika paid off her car loan early, and the bank charged no fee for foreclosure.

    Synonyms prepayment

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