Looking for the meaning of the word FORECLOSING in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of FORECLOSING with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Foreclose
Speech Type: Verb
Middle English: from Old French forclos, past participle of forclore, from for- ‘out’ (from Latin foras ‘outside’) + clore ‘to close’. The original sense was ‘bar from escaping’, in late Middle English ‘shut out’, and ‘bar from doing something’ (foreclose (sense 2)), hence specifically ‘bar someone from redeeming a mortgage’ (foreclose (sense 1), early 18th century)
fɔːˈkləʊz
take possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments
Short Definition:take possession of mortgaged property when mortgagor fails to keep up their mortgage payments
Examples:- the bank was threatening to foreclose on his mortgage
rule out or prevent (a course of action)
Short Definition:rule out or prevent
Examples:- the decision effectively foreclosed any possibility of his early rehabilitation
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