n. the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
n. 取消抵押品赎回权
[经] 取消抵押品赎回权的法律手续
1. The bank decided to start the foreclosure process on the house.
银行决定开始对这栋房子进行止赎程序。
2. Many families lost their homes due to foreclosure during the economic crisis.
许多家庭在经济危机期间因止赎而失去了他们的家。
3. She attended a seminar to learn how to avoid foreclosure on her property.
她参加了一个研讨会，以了解如何避免她的财产被止赎。