Which of the following terms matches closest with 'Foreclosure'?

Question

Quizplus · Accepted Answer

Foreclosure is a legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. "Surrender Value" is the closest term among the options, as it refers to the amount the policyholder will get from the insurance company if they decide to exit the policy before maturity. Both involve the termination of an agreement before its natural conclusion, though in different contexts.

Which of the Following Terms Matches Closest with 'Foreclosure