Dictionary

fore•close

Pronunciation: (fôr-klōz', fōr-), [key]
—v., -closed, -clos•ing.

—v.t.
1. Law.
a. 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.

—v.i.
to foreclose a mortgage or pledge.

fore clipping

foreclosure

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