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WordReference Random House Learner's Dictionary of American English © 2024fore•close /fɔrˈkloʊz/USA pronunciation v., -closed, -clos•ing. - Law(of a bank) to take possession of (property or holdings bought with a mortgage): [no obj]:The bank foreclosed on them.[ ~ + obj]:to foreclose a mortgage.
WordReference Random House Unabridged Dictionary of American English © 2024fore•close (fôr klōz′, fōr-),USA pronunciation v., -closed, -clos•ing. v.t. - Law
- 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 then passing to the mortgagee.
- to take away the right to redeem (a mortgage or pledge).
- to shut out;
exclude;
bar. - to hinder or prevent, as from doing something.
- to establish an exclusive claim to.
- to close, settle, or answer beforehand.
v.i. - Lawto foreclose a mortgage or pledge.
- Latin claudere)
- Old French forclos, past participle of forclore to exclude, equivalent. to for- out + clore to shut (
- Middle English foreclosen 1250–1300
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