foreclosure
Foreclosure is a legal process where a bank or lender takes control of a property because the owner failed to pay back their loan. It typically ends with the property being sold to pay off the remaining debt.
Exemples
3 sur 5The family had to move out quickly because of a foreclosure on their home.
The family had to move out quickly because of a foreclosure on their home.
The financial institution initiated foreclosure proceedings following six months of missed mortgage payments.
The financial institution initiated foreclosure proceedings following six months of missed mortgage payments.
I heard their place went into foreclosure after he lost his job.
I heard their place went into foreclosure after he lost his job.
Synonymes
Antonymes
Famille de mots
Astuce mémo
Think of 'Fore' (meaning before) and 'Closure' (meaning to shut). The bank 'shuts the door' on your ownership before you finish paying.
Quiz rapide
After the owner stopped paying the mortgage, the bank sent a ______ notice.
Correct !
La bonne réponse est : foreclosure
Exemples
The family had to move out quickly because of a foreclosure on their home.
everydayThe family had to move out quickly because of a foreclosure on their home.
The financial institution initiated foreclosure proceedings following six months of missed mortgage payments.
formalThe financial institution initiated foreclosure proceedings following six months of missed mortgage payments.
I heard their place went into foreclosure after he lost his job.
informalI heard their place went into foreclosure after he lost his job.
Studies show that foreclosure rates significantly impact the stability of urban neighborhoods.
academicStudies show that foreclosure rates significantly impact the stability of urban neighborhoods.
The company's real estate portfolio suffered due to several commercial foreclosures during the recession.
businessThe company's real estate portfolio suffered due to several commercial foreclosures during the recession.
Synonymes
Antonymes
Famille de mots
Collocations courantes
Phrases Courantes
foreclosure crisis
a period where many people lose their homes at once
in foreclosure
currently going through the legal process of being taken by the bank
foreclosure moratorium
a temporary stop on banks taking homes
Souvent confondu avec
Eviction is being forced out of a rented property; foreclosure is the bank taking a property that was being purchased with a loan.
Bankruptcy is a general legal status of not being able to pay any debts; foreclosure is specific to real estate loans.
Notes d'usage
Foreclosure is almost exclusively used in legal and financial contexts regarding real estate. It is more common in American English than British English, where 'repossession' is more frequent.
Erreurs courantes
Learners often say the bank 'foreclosed the person,' but the bank 'forecloses ON the property' or 'forecloses ON the owner.'
Astuce mémo
Think of 'Fore' (meaning before) and 'Closure' (meaning to shut). The bank 'shuts the door' on your ownership before you finish paying.
Origine du mot
From the Old French word 'forclos,' which means to exclude, shut out, or bar from something.
Modèles grammaticaux
Contexte culturel
In the United States, the 2008 housing market crash made 'foreclosure' a household word due to the millions of people who lost their homes.
Quiz rapide
After the owner stopped paying the mortgage, the bank sent a ______ notice.
Correct !
La bonne réponse est : foreclosure
Vocabulaire associé
Plus de mots sur law
justice
A1Justice is the quality of being fair and reasonable in how people are treated. It also refers to the legal system and the way laws are used to punish people who do wrong.
verdict
A1A verdict is the official decision made by a jury or judge in a court of law about whether someone is guilty or not guilty. It is also used to describe a person's final opinion or judgment about something after testing or considering it.
trial
A1A formal process in a court of law to decide if someone is guilty of a crime. It involves a judge, and sometimes a jury, who listen to evidence and witnesses.
hearing
A1In a legal context, a hearing is a formal meeting where a judge or official listens to facts and arguments about a specific issue. It is typically shorter and less formal than a full trial but follows strict legal rules.
litigation
A1Litigation is the process of using a court of law to solve a legal disagreement. It involves a judge or jury making a final decision about a dispute between people or companies.
testimony
A1A formal statement given by a witness in a court of law or a public meeting. It is also used to describe something that serves as clear proof that a fact is true.
witness
A1A witness is a person who sees an event, such as a crime or an accident, take place. In a legal context, this person provides information or evidence in a court about what they observed.
crime
A1A crime is an action that is against the law and is punishable by the government. It refers to illegal activities like stealing or hurting someone.
criminal
A1A person who has committed a crime or done something illegal. This word describes someone who breaks the law and may be punished by the police or a court.
felony
A1A felony is a very serious crime, such as murder or armed robbery. In legal systems, it is a crime that is punished more severely than a minor offense, often resulting in more than one year in prison.
Commentaires (0)
Connectez-vous pour CommenterCommencez à apprendre les langues gratuitement
Commence Gratuitement