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.
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