[fawr-kloh-zher, fohr-]
noun Law.
the act of foreclosing a mortgage or pledge.

1720–30; foreclose + -ure

antiforeclosure, noun, adjective
nonforeclosure, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
foreclose (fɔːˈkləʊz)
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]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1728, from foreclose + -ure.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

foreclosure definition

A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
But it also depends on the speed and outcome of the foreclosure process and on
  the efficacy of official interventions.
In contrast, next door is what appears to be a dilapidated steel plant facing
But the city has been battered by foreclosure and may now be losing residents.
The cost of foreclosure is not solely born by lenders and borrowers.
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