foreclose
Translation
to foreclose, to repossess
Examples
The bank will foreclose on the property.
The bank will foreclose on the property.
They failed to make payments, so the bank foreclosed.
They failed to make payments, so the bank foreclosed.
Grammar Patterns
((on sth.)) to take legal possession of (sth.) because payments have not been made The bank will foreclose on the property.
Similar Words
Synonyms: repossess, seize, confiscate
Etymology
From 'fore-' (before) + 'close'. It means to shut out beforehand, specifically to bar the right to redeem a mortgage.
Memory Tips
Think of it as 'force-close'. The bank forces the closure of your ownership of the property.