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English definition of “foreclose”


verb [I or T] (TAKE POSSESSION)    /fɔːˈkləʊz/ US  /fɔːrˈkloʊz/ specialized
( especially of banks ) to take back property that was bought with borrowed money because the money was not being paid back as formally agreed Borrowing, lending and debtStarting, succeeding and failing in business foreclosure     /-ˈkləʊ.ʒər/ US  /-ˈkloʊ.ʒɚ/ noun [U] specialized
(Definition of foreclose verb (TAKE POSSESSION) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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