forecloseverb
uk/fɔːˈkləʊz/us/fɔːrˈkloʊz/foreclose verb (TAKE POSSESSION)
[ I or T ] specialized finance & economics, law (especially of banks) to take back property that was bought with borrowed money because the money was not being paid back as formally agreed:
The bank is threatening to foreclose on the family's house.
Thesaurus: synonyms and related words
Borrowing & lending
- be in the hole idiom
- borrow
- bounce
- call it quits idiom
- call sth in
- credit
- credit risk
- debenture
- fire sale
- gearing
- leveraged buyout
- liability
- liquidate
- national debt
- pay
- put sth up
- reschedule
- slate
- term
- tick
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You can also find related words, phrases, and synonyms in the topics:
Success & failure in business
foreclose verb (PREVENT)
[ T ] formal to prevent something from being considered as a possibility in the future:
The leader's aggressive stance seems to have foreclosed any chance of diplomatic compromise.
Thesaurus: synonyms and related words
Refusing & rejecting
- abnegate
- blow
- bugger
- damned
- demur
- derecognize
- disclaim
- door
- override
- react against sth
- refusal
- shoot
- shun
- sit
- sit sth out
- throw
- throw sth out
- veto
- vote sth down
- wash
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foreclosure
noun [ U ] uk/fɔːˈkləʊ.ʒər/us/fɔːrˈkloʊ.ʒɚ/specialized