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Definition of “foreclose” - English Dictionary

"foreclose" in American English

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forecloseverb [I]

 us   /fɔrˈkloʊz, foʊr-/
(esp. of banks) to take control of the property of owners because they did not pay back the bank’s money borrowed to pay for it
(Definition of foreclose from the Cambridge Academic Content Dictionary © Cambridge University Press)







"foreclose" in British English

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forecloseverb

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 agreed: The bank is threatening to foreclose on the family's house.
  • 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.
foreclosure
noun [U] uk   /fɔːˈkləʊ.ʒər/  us   /fɔːrˈkloʊ.ʒɚ/ specialized
(Definition of foreclose from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"foreclose" in Business English

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forecloseverb

uk   /fɔːˈkləʊz/  us   /fɔːrˈkloʊz/
[I or T] FINANCE, PROPERTY if a company, especially a bank, forecloses, it takes back property that was bought with borrowed money because the money was not being paid back as agreed: Without written proof of defaults on payments, the bank has no right to foreclose.foreclose on a home/loan/property The building society will foreclose on a loan if the payment is four to five months late.
[T] to prevent something from being considered as a possibility in the future: foreclose competition/a market/options There was evidence of suspected market sharing agreements aimed at foreclosing competition and preventing access to the market.be foreclosed from (doing) sth EC operators are foreclosed from bidding in Massachusetts on non-trade grounds.
(Definition of foreclose from the Cambridge Business English Dictionary © Cambridge University Press)
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“foreclose” in Business English

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