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)
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.
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