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English definition of “foreclose”

foreclose

verb uk   /fɔːˈkləʊz/ us    /fɔːrˈkloʊz/

foreclose verb (TAKE POSSESSION)

[I or T] specialized finance & economics, law (especially of banks) to take back property that was bought with borrowed money because the money was not being paid back as formally agreedBorrowing, lending and debtStarting, succeeding and failing in business

foreclose verb (PREVENT)

[T] formal to prevent something from being considered as a possibility in the future: The leader's aggressive stance seems to have foreclosed any chance of diplomatic compromise.Refusing and rejecting
foreclosure
noun [U] uk   /-ˈkləʊ.ʒər/ us    /-ˈkloʊ.ʒɚ/ specialized
(Definition of foreclose from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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