/dʒuˈdɪʃəl fɔːˈkloʊʒə/ – Phrase
Definition: Quy trình tịch thu tài sản do tòa án quyết định.
A more thorough explanation: for a court to confirm that a debtor has not paid back a loan as agreed and to order the auction of the debtor’s property, especially property used as security for the loan, to raise funds to pay back the creditor; the judicial process required to do this
Example: In California, a creditor may commence both a judicial foreclosure and a nonjudicial power of sale.