foreclose

[fawr-klohz, fohr-]
verb (used with object), foreclosed, foreclosing.
1.
Law.
a.
to deprive (a mortgagor or pledgor) of the right to redeem his or her property, especially on failure to make payment on a mortgage when due, ownership of property then passing to the mortgagee.
b.
to take away the right to redeem (a mortgage or pledge).
2.
to shut out; exclude; bar.
3.
to hinder or prevent, as from doing something.
4.
to establish an exclusive claim to.
5.
to close, settle, or answer beforehand.
verb (used without object), foreclosed, foreclosing.
6.
to foreclose a mortgage or pledge.

Origin:
1250–1300; Middle English foreclosen < Old French forclos, past participle of forclore to exclude, equivalent to for- out + clore to shut (< Latin claudere)

foreclosable, adjective
nonforeclosing, adjective
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World English Dictionary
foreclose (fɔːˈkləʊz)
 
vb
1.  law to deprive (a mortgagor, etc) of the right to redeem (a mortgage or pledge)
2.  (tr) to shut out; bar
3.  (tr) to prevent or hinder
4.  (tr) to answer or settle (an obligation, promise, etc) in advance
5.  (tr) to make an exclusive claim to
 
[C15: from Old French forclore, from for- out + clore to close, from Latin claudere]
 
fore'closable
 
adj
 
foreclosure
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

foreclose
late 13c., from O.Fr. forclos, pp. of forclore "exclude," from fors "out" (from L. foris "outside;" see foreign) + clore "to shut." Specific mortgage law sense is first attested 1728. Related: Foreclosed; foreclosing.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The only surefire way to get out of a crushing mortgage is to stop mailing in
  checks and incite the bank to foreclose.
Because the bank is threatening to foreclose on their mortgage, he intends to
  turn the house into a flying machine and escape.
His nose is often broken off, to foreclose him returning from the dead.
In fact, it will likely make them more eager to foreclose since there is equity
  there.
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