FORECLOSE • DICTIONARY ONE.COM • Definition of Foreclose

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verb

Foreclose v. t. (past & past part. foreclosed; pres. part. foreclosing) To shut up or out; to preclude; to stop; to prevent; to bar; to exclude. "The embargo with Spain foreclosed this trade."

To foreclose a mortgager (Law), to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption.

To foreclose a mortgage, (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt.

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Etymology of 'Foreclose'

Collaborative International Dictionary of English 0.48

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"Foreclose" Quotes from Famous Books

... parliament had power to do it, was a strange way of reasoning; that what was justice and equity at Westminster-hall, was justice and equity every where; that one bad precedent in parliament was of worse consequence than an hundred in Westminster-hall, because personal or private injuries did not foreclose the claims of original right; whereas the parliament could ruin the nation beyond redemption, because it could establish tyranny by law. Sir Richard Temple, in arguing against the bill, observed that the power of parliament is to make any law, but the jurisdiction of parliament ...

— The History of England in Three Volumes, Vol.II. - From William and Mary to George II. • Tobias Smollett

Words linked to "Foreclose" : stave off, prevent, debar, block, preclude, ward off, foil, avoid, fend off, stop, reclaim, save, kibosh, halt, obviate, make unnecessary, bilk, head off, forestall, stymie, forefend, stymy, foreclosure, obstruct, blockade, hinder, thwart, embarrass, avert, baffle, queer, spoil