Foreclose
(verb)
- To legally take possession of a property, usually a house, due to the borrower's default on a mortgage.
- To deprive someone of an opportunity or to prevent something from happening.
Origin:
From the middle english word "foreclosen" meaning to close or shut off in advance.
Examples:
- The bank foreclosed on the property after the owner failed to make the mortgage payments.
- The lender foreclosed on the property because the borrower was in default.
- He was afraid that the bank would foreclose on his home.
- She attempted to foreclose the opportunity for her opponent to win the game.
- The company's actions will foreclose the possibility of a merger.