🇵🇹Portuguese Source WordCode: PT

execução hipotecária

Pronunciation / Transliteration: execução hipotecária

🇬🇧 Direct English Meaning:
Foreclosure/fɔːrˈkloʊʒər/
nounCEFR B2 (Upper)Top #1500 frequency
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🇵🇹 Example Sentence in Portuguese:

"O banco iniciou o processo de execução hipotecária."

Comprehensive Definitions & Senses

1 sense
As noun
  1. 1

    The legal process by which a mortgage lender takes possession of a property because the borrower has failed to make mortgage payments.

    "The family faced foreclosure after falling behind on their monthly mortgage payments."

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Synonyms (1)

Linguistic Origin & Historical Etymology

The term 'foreclosure' originates from the Middle English word 'forclosen', which means to shut out or exclude. It evolved from the Old French 'forclore', derived from 'for-' meaning 'out' and 'clore' meaning 'to close'. The term has been used in legal contexts since the 16th century to refer to the process of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.

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