foreclose

fore·close   (fôr-klōz', fōr-)    v.   fore·closed, fore·clos·ing, fore·clos·es v.   tr. To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made. 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.

foreclose 

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