Strict Foreclosure

Business / Real Estate / Strict Foreclosure: In a strict foreclosure procedure, after a delinquent borrower has been notified and the proper papers have been filed, the court designates a specific period during which the balance of the default must be paid in full. If the payment is not made, the borrowers equitable and statutory redemption rights are waived and the court awards full legal title to the lender. There is no deficiency judgement in strict foreclosure cases.

Other Words for Strict

Strict Verb Synonyms: severe, austere, authoritarian, autocratic, stern, firm, hard, tough, uncompromising, inflexible, cold-blooded, iron-fisted, tyrannical, harsh, ruthless, pitiless, unsympathetic
Strict Noun Synonyms: rigorous, narrow, close, undeviating, confining, constricting, constrictive, rigid, defined, precise, exact, exacting, stringent, meticulous, compulsive, punctilious, finicky or finical, scrupulous, attentive, conscientious, faithful, thorough, complete


Business / Finance / Foreclosure: Financial forecasting is the process of estimating future financial performance. The projected financial performance of a business is measured by using pro-forma financial statements as well as other MORE

Restriction Enzymes

Science / Biology / Restriction Enzymes: A series of enzymes that attach to DNA molecules at specific nucleotide sequences and cut both strands of DNA at those sites. A bacterial enzyme that cuts DNA at a specific recognition sequence. This MORE

Restriction Fragment Length Polymorphism (RFLP)

Science / Biology / Restriction Fragment Length Polymorphism (RFLP): A heritable difference in DNA fragment length and fragment number; passed from generation to generation in a codominant way. MORE