foreclosure

BrE /ˈfɒr.kləʊ.dʒə/ AmE /ˈfɔːr.kloʊ.dʒər/

noun en → es

1 LEGAL ACTION [singular] B2

the legal process by which a bank or lender takes possession of property when the owner has not paid their mortgage

la ejecución hipotecaria, la pérdida de propiedad por impago

  • foreclosure on a house

Collocations face foreclosure · avoid foreclosure

  • The bank is threatening to start the foreclosure process.

    El banco amenaza con iniciar el proceso de ejecución hipotecaria.

2 ECONOMIC SITUATION [singular] B2

the situation of a house or property being taken away from its owner because they cannot pay their mortgage

la pérdida de propiedad por impago, la ejecución hipotecaria

  • be in foreclosure

Collocations foreclosure rate · foreclosure crisis

  • The high foreclosure rate is causing concern among economists.

    La alta tasa de ejecuciones hipotecarias está causando preocupación entre los economistas.