Foreclosure

What is foreclosure? If this is something you have ever thought about, then this information might prove of vague interest. And if not, well there are plenty of other financial words discussed in this glossary.

Foreclosure, then, refers to proceedings that a creditor takes in order to gain possession of whatever it is that has been used as security against a loan that has defaulted.

Related Articles

Weak currency
Futures exchange
Credit Card
Glass-Steagall Act
Devaluation

More Financial Words and Vocabulary Explained