Examlex
Computer forensics analyzes computer systems in gathering potential legal evidence.
Economize
The action of reducing expenditure or efficiently managing resources to avoid waste and save money.
Foreclose
The legal process by which a lender takes control of a property from a borrower due to failure to meet the repayment terms of a loan.
Defaulted
Defaulted refers to the failure to fulfill an obligation, especially the failure to repay a loan on time or to meet a contractual condition, leading to possible legal penalties or loss of rights.
Equity of Redemption
The right of a mortgagor to reclaim property on which a mortgage exists by repaying the debt before a foreclosure sale.
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