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

Definitie & Betekenis van "foreclose"

to foreclose
01

hypotheek sluiten, dwangsom opleggen

(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

voorkomen, uitsluiten

keep from happening or arising; make impossible

foreclose

v

foreclosure

n

foreclosure

n
example
Voorbeeld
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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