Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Foreclosure

(n) Foreclosure is the closing of a liability, obligation, receivables etc by recovering the dues by other means like selling the lien , mortgages etc in his possession, before waiting the action or fulfillment from the debtor.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved