foreclose
/fɔrˈkloʊz/
verb
- To take possession of a property because the owner has failed to make mortgage payments.
- If you cannot pay your mortgage, the bank may foreclose on your property.
- The bank decided to foreclose on the house after the family missed six months of payments.
- Many homeowners lost their homes when the lender moved to foreclose during the recession.
- To prevent something from happening or to make it impossible; to exclude or rule out.
- A lack of funding could foreclose any chance of expanding the program.
- The agreement forecloses any future legal action against the company.
- The new evidence did not foreclose the possibility that the suspect was innocent.
Antonyms