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Foreclose   /fɔrklˈoʊz/   Listen
Foreclose

verb
(past & past part. foreclosed; pres. part. foreclosing)
1.
Keep from happening or arising; make impossible.  Synonyms: forbid, forestall, preclude, prevent.  "Your role in the projects precludes your involvement in the competitive project"
2.
Subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage.






WordNet 3.0 © 2010 Princeton University








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"Foreclose" Quotes from Famous Books



... Baboo was as yet a youth, his uncle Rajinda, the pride of the Mullicks, died of cholera, and the administration of the estate devolved upon our free-thinking Kalidas. Of course there were mortgages to foreclose, and delinquent debtors to stir up. A certain small shopkeeper of the China Bazaar was responsible to the concern for a few thousand rupees, wherewith he had been accommodated by Uncle Rajinda as a basis for certain operations in seersuckers ...
— The Atlantic Monthly, Vol. I., No. 3, January 1858 - A Magazine of Literature, Art, and Politics • Various

... purchased the Bonds and the stock of Royster & Axtell, from the bank which held them as collateral. He is willing to pay you par for your Bonds, without any accrued interest, however. If you will consent to sell, the Company can proceed without reorganization but, if you decline, he will foreclose under the terms of the mortgage. We have suggested the propriety and the economy to him—since he owns or controls all the stock—of not purchasing your bonds, and, frankly, have told him it is worse than bad business to do ...
— In Her Own Right • John Reed Scott

... of a panorama. Every cent of his earnings was sunk in this hop business of his. More than that, he had borrowed money to carry it on, certain of success—borrowed of S. Behrman, offering his crop and his little home as security. Once he failed to meet his obligations, S. Behrman would foreclose. Not only would the Railroad devour every morsel of his profits, but also it would take from him his home; at a blow he would be left penniless and without a home. What would then become of his mother—and what would become of the little tad? She, whom he had been planning to ...
— The Octopus • Frank Norris

... Newmark briskly. "I'll make out a mortgage at ten per cent for you, and you'll lend the money on it. At the proper time, if things happen that way, you will foreclose. That's all you have to do with it. Then, when the timber land comes to you under the foreclose, you will reconvey an undivided nine-tenths' interest—for proper consideration, of course, ...
— The Riverman • Stewart Edward White

... property whose market value fluctuates so widely and rapidly, I naturally require you to keep your margin at the per cent. agreed upon. If, unfortunately, it becomes exhausted, I, as mortgagee, foreclose at the best price obtainable. I shall be pleased to execute all orders with which you may favor me on the above basis, in all securities dealt in on the New York Stock Exchange, reserving to myself, of course, the right to refuse to ...
— Ainslee's, Vol. 15, No. 6, July 1905 • Various


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