Definitions for "Foreclose"
Keywords:  tact, preclude, honest, forbids, shut
To shut up or out; to preclude; to stop; to prevent; to bar; to exclude.
keep from happening or arising; have the effect of preventing; "My sense of tact forbids an honest answer"
Legal action that will liquidate property held as security for a debt in the event of a default in payments by the debtor.
The process by which a lender seizes an asset (usually a home or other real estate) after the owner has defaulted on the loan.
subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
To end someone's right to property because of their failure to perform the terms of the contract.
To acquire the security for a loan if the loan cannot be serviced or repaid.