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to foreclose
01
(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
keep from happening or arising; make impossible
foreclose
v
foreclosure
n
foreclosure
n
Example
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.
