FORECLOSE

v.

1 definition — Webster’s Dictionary (1828)


v.

To shut up or out; to preclude; to stop; to prevent; to bar; to exclude. The embargo with Spain foreclosed this trade. Carew. To foreclose a mortgager (Law), to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption. -- To foreclose a mortgage, (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt. Wharton.


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