foreclose meaning, foreclose definition | English Cobuild dictionary

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foreclose

  
  ( forecloses    3rd person present)   ( foreclosing    present participle)   ( foreclosed    past tense & past participle  ) If the person or organization that lent someone money forecloses, they take possession of a property that was bought with the borrowed money, for example because regular repayments have not been made.     (BUSINESS)      verb  
The bank foreclosed on the mortgage for his previous home.      V on n, Also V  
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