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foreclose

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verb fore·close \(ˌ)fȯr-ˈklōz\

Simple Definition of foreclose

  • : to take back property because the money owed for the property has not been paid

Full Definition of foreclose

  1. transitive verb
  2. 1 :  to shut out :  preclude

  3. 2 :  to hold exclusively

  4. 3 :  to deal with or close in advance

  5. 4 :  to subject to foreclosure proceedings

  6. intransitive verb
  7. :  to foreclose a mortgage

Examples of foreclose

  1. They've been unable to make their mortgage payments, and the bank has threatened to foreclose.

  2. The bank has threatened to foreclose their mortgage.



Origin of foreclose

Middle English, from Anglo-French forclos, past participle of forclore, forsclore, from fors outside (from Latin foris) + clore to close — more at forum


First Known Use: 15th century


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