foreclosure
noun
                                                                                                                            
                                                            fore·clo·sure
                    
                                                                                                              
                                                                                                                                  (ˌ)fȯr-ˈklō-zhər  
                                                      
                                                          
            
                                
              
          
                                                      : an act or instance of foreclosing                                      
                
                                
            specifically                
          
                                                      : a legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate                                      
            
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  Merriam-Webster unabridged




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