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 out' .

English terms dictionary. 2015.

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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 — 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

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