v., -closed, -clos·ing, -clos·es. v.tr.
- To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made.
- To bar an equity or a right to redeem (a mortgage).
- To exclude or rule out; bar.
- To settle or resolve beforehand.
To bar an equity or a right to redeem a mortgage.
[Middle English forclosen, to exclude from an inheritance, from Old French forclos, shut out, past participle of forclore, to exclude : fors-, outside (from Latin forīs) + clore, to close (from Latin claudere).]
foreclosable fore·clos'a·ble adj.
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.