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more about foreclosed
foreclosed |
1 definition found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Foreclose \Fore*close"\, v. t. [imp. & p. p. {Foreclosed}; p. pr & vb n. {Foreclosing}.] [F. forclos p. p. of forclore to exclude; OF fors, F. hors, except, outside (fr. L. foris outside) + F. clore to close See {Foreign}, and {Close}, v. t.] To shut up or out to preclude; to stop; to prevent; to bar; to exclude. The embargo with Spain foreclosed this trade --Carew. {To foreclose a mortgager} (Law), to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption. {To foreclose a mortgage}, (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt. --Wharton.
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