Foreclose
volume
British pronunciation/fɔːklˈə‍ʊz/
American pronunciation/fɔɹˈkɫoʊz/

Definition & Bedeutung von "foreclose"

to foreclose
01

zwangsvollstrecken, verpfänden

(of a bank) to take away someone's property because they haven't repaid the loan they took out in order to purchase it
02

verhindern, ausschließen

keep from happening or arising; make impossible

foreclose

v

foreclosure

n

foreclosure

n
example
Beispiel
As the assignee of the mortgage, the bank had the right to foreclose on the property if the borrower defaulted on the loan.
Facing economic hardships, some families resorted to squatting in foreclosed homes.
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