Foreclosure Nisi

Business, Legal & Accounting Glossary

Definition: Foreclosure Nisi

Full Definition of Foreclosure Nisi

An order of the court granted in favour of a Mortgagee in Foreclosure proceedings. It gives the Mortgagor a fixed time to settle the loan and, if not complied with, allows the mortgagor to obtain an order of Foreclosure absolute and obtain ownership of the mortgaged property.

Cite Term

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Page URL
Modern Language Association (MLA):
Foreclosure Nisi. Payroll & Accounting Heaven Ltd. September 27, 2021
Chicago Manual of Style (CMS):
Foreclosure Nisi. Payroll & Accounting Heaven Ltd. (accessed: September 27, 2021).
American Psychological Association (APA):
Foreclosure Nisi. Retrieved September 27, 2021, from website:

Definition Sources

Definitions for Foreclosure Nisi are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th April, 2020 | 4 Views.