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