Foreclosing

Pronunciation: /fɔːrˈkloʊz/

Foreclosing (verb)

  1. To take legal control of a property because the owner did not pay the money owed on a loan.
  2. To prevent something from happening or being chosen, by removing the available options.
  3. To end a person’s right to make a claim, usually because a required time has passed.

Examples

  • The bank foreclosed the house after missed payments.
  • The court foreclosed the property when the debt was unpaid.