/diːd ɪn ljuː əv fəˈkləʊʒər/ – Phrase
Definition: Hành động thay thế cho việc tịch thu tài sản.
A more thorough explanation: a potential option taken by a borrower to avoid foreclosure under which the borrower deeds (=transfers ownership) the secured property back to the lender in exchange for the release of all obligations under the mortgage
Example: A deed-in-lieu of foreclosure allows a homeowner to walk out from under a mountain of debt without a full-fledged foreclosure on their credit history.