to take away the right to redeem (e.g. a mortgage), usu because of nonpayment; to repossess (property) in this way
(often + on) to take away the right to redeem a mortgage or other debt from (a person)
to to prevent or exclude (a possible action)
to foreclose a mortgage or other debt
foreclosure /fawʹklohzhə/ noun
[Middle English forclosen from Old French forclos, past part. of forclore, from fors outside + clore to close, from Latin claudere]