foreclose
AI In plain words
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Written by a house AI from the entry below, in your language. The entry itself is the source.
foreclose
- /fɔːˈkləʊz/ UK
- /fɔɹˈkloʊz/ Canada, US
- /foːˈkləʉz/ Australia
- /ˌfoːˈklɐʉz/ Australia
- /foːˈklɐʉz/ New Zealand
Rhymes with -əʊz
Where it comes from
Partially from Middle English foreclosen, forclosen, from Old French forclos, past participle of forclore (“to exclude”), from for- (“(prefix used to express error, exclusion, or inadequacy)”) + clore (“to shut”), and partially from Middle English forclusen (“to close up”), from Old English forclȳsan (“to close up”), equivalent to fore- + close.
verb forecloses · foreclosing · foreclosed
- To repossess a mortgaged property whose owner has failed to make the necessary payments; used with on. They have to move out of their house because the bank foreclosed on their mortgage.
- To cut off (a mortgager) by a judgment of court from the power of redeeming the mortgaged premises.
- To shut up or out; to prevent from doing something. The embargo with Spain foreclosed this trade.
