foreclosure
//fɔːrˈkloʊʒər//
Noun
foreclosureSingular
foreclosuresPlural
1
The legal process by which a lender takes possession of a property when the borrower fails to make mortgage payments.
The family lost their home to foreclosure after missing several mortgage payments.
2
The act of preventing or excluding something from happening or being considered.
The foreclosure of any alternative solutions left us with only one option.