- foreclose
- /fɔ:'kləυz/ verbto acquire a property because the owner cannot repay money which he or she has borrowed (using the property as security)
Dictionary of banking and finance. 2015.
foreclose
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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 — 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… … Dictionary of contemporary English
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
