foreclose


foreclose
fore|close [fo:ˈkləuz US fo:rˈklouz] v [I ] technical
[Date: 1200-1300; : Old French; Origin: forclos, past participle of forclore, from fors 'outside' + clore 'to close']
if a bank forecloses, it takes away someone's property because they have failed to pay back the money that they borrowed from the bank to buy it
foreclose on
Building societies may foreclose on a mortgage if payments are not kept up.
>foreclosure [-ˈkləuʒə US -ˈklouʒər] n [U and C]
housing foreclosures

Dictionary of contemporary English. 2013.

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  • foreclose — fore‧close [fɔːˈkləʊz ǁ fɔːrˈkloʊz] verb 1. [intransitive] BANKING PROPERTY FINANCE if a bank or building society forecloses, it takes possession of someone s property because they have failed to pay back an agreed part of a loan …   Financial and business terms

  • foreclose — fore·close /fōr klōz/ vb [Anglo French forclos, past participle of foreclore to preclude, prevent, from fors outside + clore to close] vt: to subject to foreclosure proceedings vi: to foreclose a mortgage or other security interest compare… …   Law dictionary

  • Foreclose — Fore*close , v. t. [imp. & p. p. {Foreclosed}; p. pr. & vb. n. {Foreclosing}.] [F. forclos, p. p. of forclore to exclude; OF. fors, F. hors, except, outside (fr. L. foris outside) + F. clore to close. See {Foreign}, and {Close}, v. t.] To shut up …   The Collaborative International Dictionary of English

  • foreclose — [fôr klōz′] vt. foreclosed, foreclosing [ME forclosen < OFr forclos, pp. of forclore, to exclude < fors (< L foris: see DOOR), outside + clore (< L claudere), CLOSE3] 1. to shut out; exclude; bar 2. to extinguish the right to redeem… …   English World dictionary

  • foreclose — (v.) late 13c., from O.Fr. forclos, pp. of forclore exclude (12c.), from fors out (Mod.Fr. hors; from L. foris outside; see FOREIGN (Cf. foreign)) + clore to shut (see CLOSE (Cf. close) (v.)). Senses i …   Etymology dictionary

  • foreclose — ► VERB 1) take possession of a mortgaged property as a result of defaults in mortgage payments. 2) rule out or prevent. DERIVATIVES foreclosure noun. ORIGIN originally in the sense «bar from escaping», «shut out»: from Old French forclore shut… …   English terms dictionary

  • foreclose — v. (D; intr.) to foreclose on (they will foreclose on us) ( they will foreclose our mortgage ) * * * [fɔː kləʊz] (D; intr.) to foreclose on ( they will foreclose our mortgage ; they will foreclose on us) …   Combinatory dictionary

  • foreclose — UK [fɔː(r)ˈkləʊz] / US [fɔrˈkloʊz] verb [intransitive] Word forms foreclose : present tense I/you/we/they foreclose he/she/it forecloses present participle foreclosing past tense foreclosed past participle foreclosed legal to take someone s… …   English dictionary

  • foreclose — verb Etymology: Middle English, from Anglo French forclos, past participle of forclore, forsclore, from fors outside (from Latin foris) + clore to close more at forum Date: 15th century transitive verb 1. to shut out ; preclude 2. to hold… …   New Collegiate Dictionary

  • foreclose — foreclosable, adj. /fawr klohz , fohr /, v., foreclosed, foreclosing. v.t. 1. Law. a. to deprive (a mortgagor or pledgor) of the right to redeem his or her property, esp. on failure to make payment on a mortgage when due, ownership of property… …   Universalium