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Foreclose   Listen
verb
Foreclose  v. t.  (past & past part. foreclosed; pres. part. foreclosing)  To shut up or out; to preclude; to stop; to prevent; to bar; to exclude. "The embargo with Spain foreclosed this trade."
To foreclose a mortgager (Law), to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption.
To foreclose a mortgage, (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt.





Collaborative International Dictionary of English 0.48


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"Foreclose" Quotes from Famous Books



... to sell Pennington my Valley of the Giants. Thank God, that quarter-section does not belong to the Cardigan Redwood Lumber Company. It is my personal property, and it is not mortgaged. Pennington can never foreclose on it—and until he gets it, twenty-five hundred acres of virgin timber on Squaw Creek are valueless—nay, a source of expense to him. Bryce, he has to have it; and he'll pay the price, when he knows ...
— The Valley of the Giants • Peter B. Kyne
... Brocken-piece I might essay, But bolts of heathendom foreclose the way. The Grecian folk were ne'er worth much, 'tis true, Yet with the senses' play they dazzle you; To cheerful sins the human heart they lure, While ours are reckoned gloomy and obscure. ...
— The German Classics of The Nineteenth and Twentieth Centuries, • Editor-in-Chief: Kuno Francke
... journey. He seemed surprised, but repeated that he must have the whole. The upshot of it was that he gave me a formal notice of three months, as stipulated in the mortgage. At the end of that time, unless I am ready to pay the twenty-two hundred dollars, he will foreclose, and the old farm must be sold. Of course it will be sold much below its real value. Probably the squire will get it for the amount of the mortgage, and we shall be thrown upon the world, without a home. It seems hard, Tom, ...
— The Young Miner - or Tom Nelson in California • Horatio Alger, Jr.


Words linked to "Foreclose" :   stymie, avert, baffle, avoid, thwart, stymy, debar, head off, hinder, spoil, forbid, repossess, reclaim, forfend, foil, blockade, scotch, embarrass, prevent, stop, obstruct, forestall, make unnecessary, bilk, deflect, kibosh, halt, queer, block


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