foreclose Definition in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Definition of “foreclose” - English Dictionary

"foreclose" in American English

See all translations

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

See all translations

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

See all translations

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)
What is the pronunciation of foreclose?
Add Cambridge dictionaries to your browser to your website

“foreclose” in Business English

Watching the detectorists
Watching the detectorists
by ,
May 31, 2016
by Colin McIntosh You could be forgiven for thinking that old-fashioned hobbies that don’t involve computers have fallen out of favour. In fact, nothing could be further from the truth. If anything, the internet has made it easier for people with specialist hobbies from different corners of the world to come together to support one another

Read More 

Word of the Day

biodegrade

to decay naturally and in a way that is not harmful

Word of the Day

decision fatigue noun
decision fatigue noun
May 30, 2016
a decreased ability to make decisions as a result of having too many decisions to make Our brains have a finite number of decisions they can make before they get depleted and become less discerning – so this is called decision fatigue.

Read More