Meaning of foreclose
Pronunciation: (fôr-klōz', fōr-), [key]
— v., -closed, -clos•ing.
- 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.
- to take away the right to redeem (a mortgage or pledge).
- to shut out; exclude; bar.
- to hinder or prevent, as from doing something.
- to establish an exclusive claim to.
- to close, settle, or answer beforehand.
- to foreclose a mortgage or pledge.
- foreclose (Thesaurus)