Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- v. To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made.
- v. To bar an equity or a right to redeem (a mortgage).
- v. To exclude or rule out; bar.
- v. To settle or resolve beforehand.
- v. To bar an equity or a right to redeem a mortgage.
Century Dictionary and Cyclopedia
- To shut out; exclude; prevent.
- In law: To shut out by a judicial decree from further opportunity to assert a right or claim: said of the process by which all persons previously having right to redeem property from a forfeiture for non-payment of a debt are finally cut off from that right: as, to foreclose a mortgager of his equity of redemption.
- Hence— To enforce, as a mortgage, by shutting out in due process of law a mortgager and those claiming under him from the right to redeem the property mortgaged.
- To enforce a mortgage.
Wiktionary
- v. to repossess a mortgaged property whose owner has failed to make the necessary payments
- v. to prevent from doing something
GNU Webster's 1913
- v. To shut up or out; to preclude; to stop; to prevent; to bar; to exclude.
WordNet 3.0
- v. keep from happening or arising; make impossible
- v. subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
Etymologies
- From Middle English foreclosen, forclosen, from Old French forclos, past participle of forclore ("to exclude"), from for + clore ("to shut"). Some senses originated from or were influenced by Middle English forclusen ("to close up"), from Old English forclȳsan ("to close up"), equivalent to for- + close. (Wiktionary)
- Middle English forclosen, to exclude from an inheritance, from Old French forclos, shut out, past participle of forclore, to exclude : fors-, outside (from Latin forīs; see dhwer- in Indo-European roots) + clore, to close (from Latin claudere). (American Heritage® Dictionary of the English Language, Fourth Edition)
Examples
“They granted you a mortgage, and that's recorded in the land records, and the company that has the mortgage and can foreclose is MERS.”
The Wall Street Journal: Lawmaker Questions Power to Foreclose
“We also believe that Fannie should have guidelines allowing servicers to proceed on a foreclosure only when its legal entitlement to foreclose is clearly documented.”
The Huffington Post: Dems To Fannie Mae: Why Are You Feeding Foreclosure Mills?
“Meanwhile, the lender doesn't have to foreclose, which is costly and usually results in a vacant home they have to maintain until they can sell.”
“Town Counsel Gerald Moody said the town could then foreclose, which is uncommon because people will usually find the money to keep their homes and property.”
“The Obama administration will not "foreclose" the idea of introducing a second stimulus package should the first one prove ineffective.”
“Scalia didn't seek to "foreclose" the "legislative opportunity" of anyone, but to not to have SCOTUS interfere with constitutional choice made directly by the people of Colorado.”
“A horse is a sentient being, not a home on which you can "foreclose" if the economy plunges.”
“Trouble was, Glimcher couldn't force Capco to foreclose, meaning that walking away would have sacrificed an asset while leaving $42 million of debt on Glimcher's books.”
“Being a victim of Western literature, one knew that banks were bad, or could be bad, especially when they did something nasty called 'foreclose' on a ranch or a farm or some other rural property in Tennessee or Nebraska.”
“FTC video on avoiding con-arists who "foreclose" on your home or ...”
Lists
These user-created lists contain the word ‘foreclose’.
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big book gre
abase, abbess, abbey, abbot, abdicate, abdomen, abdominal, abduction, abed, aberration, abet, abeyance and 6691 more...
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Fore!
That great old English prefix, quaint almost by default!
foredoom, forename, foretoken, foremast, forebear, foresee, forecastle, forestay, foreskin, foretell, foreshadow, foreclose and 79 more...
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GRE uncommon
patronage, expletive, exhort, exegesis, execrable, excommunicate, evince, escarpment, ersatz, ergo, epoxy, snare and 1202 more...
Tweets
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