foreclose definition | Dictionary.com

fore⋅close

[fawr-klohz, fohr-]

verb, -closed, -clos⋅ing.

–verb (used with object)

Law.

a.	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.

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)

6.	to foreclose a mortgage or pledge.

Origin:
1250–1300; ME foreclosen < OF forclos, ptp. of forclore to exclude, equiv. to for- out + clore to shut (< L claudere)

Related forms:

fore⋅clos⋅a⋅ble, adjective

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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fore·close (fôr-klōz', fōr-)

v. fore·closed, fore·clos·ing, fore·clos·es

v. tr.

1. To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made.
2. To bar an equity or a right to redeem (a mortgage).
To exclude or rule out; bar.
To settle or resolve beforehand.

v. intr.
To bar an equity or a right to redeem a mortgage.

[Middle English forclosen, to exclude from an inheritance, from Old French forclos, shut out, past participle of forclore, to exclude : fors-, outside (from Latin forīs; see dhwer- in Indo-European roots) + clore, to close (from Latin claudere).]
fore·clos'a·ble adj.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Foreclose

Fore*close"\, v. t. [imp. & p. p. Foreclosed; p. pr. & vb. n. Foreclosing.] [F. forclos, p. p. of forclore to exclude; OF. fors, F. hors, except, outside (fr. L. foris outside) + F. clore to close. See Foreign, and Close, v. t.] To shut up or out; to preclude; to stop; to prevent; to bar; to exclude.

The embargo with Spain foreclosed this trade. --Carew.

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. --Wharton.

Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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foreclose

c.1290, 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.

Main Entry: fore·close
Pronunciation: fOr-'klOz
Function: verb
Etymology: Anglo-French forclos, past participle of foreclore to preclude, prevent, from fors outside + clore to close
transitive verb : to subject to foreclosure proceedings intransitive verb : to foreclose a mortgage or other security interest —compare REPOSSESS, SEIZE 2

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