Meaning Of The Word Foreclose

Real Dictionary

What's the definition of Foreclose? Find Foreclose meanings, definitions and more at the Real Dictionary online.

Foreclose Meaning

Foreclose Definition
Foreclose Definition

What's The Definition Of Foreclose?

foreclose
verb: If the person or organization that lent someone money forecloses, they take possession of a property that was bought with the borrowed money, for example because regular repayments have not been made.

foreclose in American English
to foreclose a mortgage
to shut out; exclude; bar
intransitive verb: to foreclose a mortgage or pledge
transitive verb: 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

foreclose in British English
verb: to deprive (a mortgagor, etc) of the right to redeem (a mortgage or pledge)

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