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What does foreclosable mean?

Looking for the meaning or definition of the word foreclosable? Here's what it means.

Adjective
  1. Capable of being foreclosed.
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In Falor, only the Florida memberships were foreclosable, assuming the 2011 amendment is not retrospective in application.
For example, property taxes, some code enforcement fines, and certain other debts will usually not be foreclosable.

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