Word forms: 3rd person singular presenttense forecloses, present participle foreclosing, past tense, past participle foreclosed
verb
If the person or organization that lent someone money forecloses, they take possession of a property that was bought with the borrowed money, for example because regular repayments have not been made.
[business]
The bank foreclosed on the mortgage for his previous home. [VERB + on]
[Also VERB]
foreclose in British English
(fɔːˈkləʊz)
verb
1. law
to deprive (a mortgagor, etc) of the right to redeem (a mortgage or pledge)
2. (transitive)
to shut out; bar
3. (transitive)
to prevent or hinder
4. (transitive)
to answer or settle (an obligation, promise, etc) in advance
5. (transitive)
to make an exclusive claim to
Derived forms
foreclosable (foreˈclosable)
adjective
foreclosure (fɔːˈkləʊʒə)
noun
Word origin
C15: from Old French forclore, from for- out + clore to close, from Latin claudere
foreclose in American English
(fɔrˈkloʊz)
verb transitiveWord forms: foreˈclosed or foreˈclosing
1.
to shut out; exclude; bar
2.
to extinguish the right to redeem (a mortgage) by foreclosure
3.
to deprive (a mortgagor) of this right by foreclosure
4.
to hinder or prevent
5.
to claim exclusively
verb intransitive
6.
to foreclose a mortgage
Derived forms
foreclosable (foreˈclosable)
adjective
Word origin
ME forclosen < OFr forclos, pp. of forclore, to exclude < fors (< L foris: see door), outside + clore (< L claudere), close3
Examples of 'foreclose' in a sentence
foreclose
However sympathetic Langton is to the concept of a charter, he cannot in conscience agree to foreclose a papal appeal.
Penman, Sharon HERE BE DRAGONS (2001)
In other languages
foreclose
British English: foreclose VERB
If the person or organisation that lent someone money forecloses, they take possession of a property that was bought with the borrowed money, for example because regular repayments have not been made.
The bank foreclosed on the mortgage for his previous home.