Bank Foreclosed Property


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Bank Definition

–noun
1. a long pile or heap; mass: a bank of earth; a bank of clouds.
2. a slope or acclivity.
3. Physical Geography. the slope immediately bordering a stream course along which the water normally runs.
4. a broad elevation of the sea floor around which the water is relatively shallow but not a hazard to surface navigation.
5. Coal Mining. the surface around the mouth of a shaft.
6. Also called cant, superelevation. the inclination of the bed of a banked road or railroad.
7. Aeronautics. the lateral inclination of an aircraft, esp. during a turn.
8. Billiards, Pool. the cushion of the table.
–verb (used with object)
9. to border with or like a bank; embank: banking the river with sandbags at flood stage.
10. to form into a bank or heap (usually fol. by up): to bank up the snow.
11. to build (a road or railroad track) with an upward slope from the inner edge to the outer edge at a curve.
12. Aeronautics. to tip or incline (an airplane) laterally.
13. Billiards, Pool.
a. to drive (a ball) to the cushion.
b. to pocket (the object ball) by driving it against the bank.
14. to cover (a fire) with ashes or fuel to make it burn long and slowly.
–verb (used without object)
15. to build up in or form banks, as clouds or snow.
16. Aeronautics. to tip or incline an airplane laterally.
17. Horology. (of a lever or balance) to be halted at either end of its oscillation by striking a pin or the like.
18. (of a road or railroad track) to slope upward from the inner edge to the outer edge at a curve.
From Dictionary

Foreclosed Definition

–verb (used with object)
1. Law.
a. to deprive (a mortgagor or pledgor) of the right to redeem his or her property, esp. on failure to make payment on a mortgage when due, ownership of property then passing to the mortgagee.
b. to take away the right to redeem (a mortgage or pledge).
2. to shut out; exclude; bar.
3. to hinder or prevent, as from doing something.
4. to establish an exclusive claim to.
5. to close, settle, or answer beforehand.
–verb (used without object)
6. to foreclose a mortgage or pledge.
From Dictionary

Property Definition

–noun, plural -ties.
1. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire.
2. goods, land, etc., considered as possessions: The corporation is a means for the common ownership of property.
3. a piece of land or real estate: property on Main Street.
4. ownership; right of possession, enjoyment, or disposal of anything, esp. of something tangible: to have property in land.
5. something at the disposal of a person, a group of persons, or the community or public: The secret of the invention became common property.
6. an essential or distinctive attribute or quality of a thing: the chemical and physical properties of an element.
7. Logic.
a. any attribute or characteristic.
b. (in Aristotelian logic) an attribute not essential to a species but always connected with it and with it alone.
8. Also called prop. a usually movable item, other than costumes or scenery, used on the set of a theater production, motion picture, etc.; any object handled or used by an actor in a performance.
9. a written work, play, movie, etc., bought or optioned for commercial production or distribution.
10. a person, esp. one under contract in entertainment or sports, regarded as having commercial value: an actor who was a hot property at the time.
From Dictionary

Related topics from Britannica

  • mortgage
    in Anglo-American law, any of a number of related devices in which a debtor (mortgagor) conveys an interest in property to a creditor (mortgagee) as security for the payment of a money debt. The ...
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