fore
close
Third Person
forecloses
Present Participle
foreclosing
Past Tense
foreclosed
Past Participle
foreclosed
1
(of a bank) to take away someone's property because they have not repaid the money they borrowed from the bank in order to buy it
- The bank threatens to foreclose on the house if the homeowner does not make the overdue payment by next month.
- After months of missed payments, the bank foreclosed on the property and auctioned it off.
- If the homeowner doesn't find a way to pay back the loan, the bank will foreclose on the property in the coming weeks.
- They lost their home when the bank foreclosed after they couldn't repay the mortgage.
- The bank may foreclose on the business property if the loan terms are not met by the end of the year.