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foreclose

   Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
fore·close  (fôr-klz, fr-)
v. fore·closed, fore·clos·ing, fore·clos·es
v.tr.
1.
a. To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made.
b. To bar an equity or a right to redeem (a mortgage).
2. To exclude or rule out; bar.
3. To settle or resolve beforehand.
v.intr.
To bar an equity or a right to redeem a mortgage.

[Middle English forclosen, to exclude from an inheritance, from Old French forclos, shut out, past participle of forclore, to exclude : fors-, outside (from Latin fors; see dhwer- in Indo-European roots) + clore, to close (from Latin claudere).]

fore·closa·ble adj.

foreclose
Verb
[-closing, -closed] Law to take possession of property bought with borrowed money because repayment has not been made: the banks have been reluctant to foreclose on troubled borrowers [Old French for- out + clore to close]
foreclosure n
ThesaurusLegend:  Synonyms Related Words Antonyms
Verb1.foreclose - keep from happening or arising; make impossible; "My sense of tact forbids an honest answer"; "Your role in the projects precludes your involvement in the competitive project"
make unnecessary, save - make unnecessary an expenditure or effort; "This will save money"; "I'll save you the trouble"; "This will save you a lot of time"
deflect, fend off, forefend, forfend, head off, avert, stave off, ward off, avoid, debar, obviate - prevent the occurrence of; prevent from happening; "Let's avoid a confrontation"; "head off a confrontation"; "avert a strike"
blockade, obstruct, stymie, stymy, embarrass, hinder, block - hinder or prevent the progress or accomplishment of; "His brother blocked him at every turn"
frustrate, queer, scotch, thwart, foil, baffle, bilk, cross, spoil - hinder or prevent (the efforts, plans, or desires) of; "What ultimately frustrated every challenger was Ruth's amazing September surge"; "foil your opponent"
kibosh, stop, block, halt - stop from happening or developing; "Block his election"; "Halt the process"
2.foreclose - subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
reclaim, repossess - claim back
Translations
Spanish foreclose [fɔːˈkləuz] vt (LAW) (also: foreclose on) → extinguir el derecho de redimir
French foreclose [fɔːˈkləuz] vt (Law) (also: foreclose on) → saisir
German foreclose [fɔːˈkləuz] vt (Law) (also: foreclose on) → kündigen;
to foreclose sb (on loan/mortgage) → jds Darlehen/Hypothek kündigen

Italian foreclose [fɔːˈkləuz] vt (LAW) (also: foreclose on) → sequestrare l'immobile ipotecato di

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"Four hundred pounds," said Sir Richard, "and the Bishop swears he will foreclose the mortgage if they are not paid promptly.
West that if Leslie wouldn't marry him he'd get his father to foreclose the mortgage.
 
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