English

Definition of foreclose verb from the Oxford Advanced Learner's Dictionary

     

    foreclose

     verb
    verb
    BrE BrE//fɔːˈkləʊz//
     
    ; NAmE NAmE//fɔːrˈkloʊz//
     
    Verb Forms present simple I / you / we / they foreclose
    BrE BrE//fɔːˈkləʊz//
     
    ; NAmE NAmE//fɔːrˈkloʊz//
     
    he / she / it forecloses
    BrE BrE//fɔːˈkləʊzɪz//
     
    ; NAmE NAmE//fɔːrˈkloʊzɪz//
     
    past simple foreclosed
    BrE BrE//fɔːˈkləʊzd//
     
    ; NAmE NAmE//fɔːrˈkloʊzd//
     
    past participle foreclosed
    BrE BrE//fɔːˈkləʊzd//
     
    ; NAmE NAmE//fɔːrˈkloʊzd//
     
    -ing form foreclosing
    BrE BrE//fɔːˈkləʊzɪŋ//
     
    ; NAmE NAmE//fɔːrˈkloʊzɪŋ//
     
    Buying a home
     
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  1. 1[intransitive, transitive] foreclose (on somebody/something) | foreclose something (finance) (especially of a bank) to take control of somebody’s property because they have not paid back money that they borrowed to buy it CollocationsMoving house Renting live in a rented/(especially North American English) rental property rent/​share/​move into a furnished house/(British English) flat/(especially North American English) apartment rent a studio/(British English) a studio flat/(especially North American English) a studio apartment/(British English) a bedsit find/​get a housemate/(British English) a flatmate/(North American English) a roommate sign/​break the lease/​rental agreement/​contract extend/​renew/​terminate the lease/(British English) tenancy afford/​pay the rent/​the bills/(North American English) the utilities (especially British English) fall behind with/ (especially North American English) fall behind on the rent pay/​lose/​return a damage deposit/(North American English) security deposit give/​receive a month’s/​two-weeks’ notice to leave/​vacate the propertyBeing a landlord have a flat/​apartment/​room (British English) to let/(especially North American English) for rent rent (out)/lease (out)/ (British English) let (out)/sublet a flat/​apartment/​house/​property collect/​increase/​raise the rent evict the existing tenants attract/​find new/​prospective tenants invest in rental property/(British English) property to let/(British English) the buy-to-let marketBuying buy/​acquire/​purchase a house/(a) property/(especially North American English) (a piece of) prime real estate call/​contact/​use (British English) an estate agent/(North American English) a Realtor™/(North American English) a real estate agent/​broker make/ (British English) put in an offer on a house put down/​save for (British English) a deposit on a house make/​put/​save for (especially North American English) a down payment on a house/​home apply for/​arrange/​take out a mortgage/​home loan (struggle to) pay the mortgage make/​meet/​keep up/​cover the monthly mortgage payments/(British English also) repayments (British English) repossess/ (especially North American English) foreclose on somebody’s home/​houseSelling put your house/​property on the market/​up for sale/​up for auction increase/​lower your price/​the asking price have/​hold/​hand over the deed/(especially British English) deeds of/​to the house, land, etc. See related entries: Buying a home
  2. 2[transitive] foreclose something (formal) to reject something as a possibility synonym exclude The judge’s words effectively foreclosed any possibility of an early release.
  3. Word Origin 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’ (sense (2)), hence specifically ‘bar someone from redeeming a mortgage’ (sense (1), early 18th cent.).
See the Oxford Advanced American Dictionary entry: foreclose