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foreclose |
Also found in: Legal | 0.01 sec. |
foreclose [fɔːˈkləʊz] vb
1. (Law) Law to deprive (a mortgagor, etc.) of the right to redeem (a mortgage or pledge) 2. (tr) to shut out; bar 3. (tr) to prevent or hinder 4. (tr) to answer or settle (an obligation, promise, etc.) in advance 5. (tr) to make an exclusive claim to [from Old French forclore, from for- out + clore to close, from Latin claudere] foreclosable adj foreclosure [fɔːˈkləʊʒə] n ThesaurusLegend: Synonyms Related Words Antonyms
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| How much income does a taxpayer realize if he or she is insolvent and a creditor forecloses on property secured by recourse debt? Investors who are aware of a problem property before the bank forecloses should begin working with the institution during the procees of taking ownership. Pair forecloses on Convention Center lot to get cash |
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