foreclose

IPA: fɔrkɫˈoʊz

(transitive, law) To repossess a mortgaged property whose owner has failed to make the necessary payments; used with on.
(transitive, law) To cut off (a mortgager) by a judgment of court from the power of redeeming the mortgaged premises.
(transitive, originally) To shut up or out; to prevent from doing something.

Examples of "foreclose" in Sentences

The house was foreclosed on because of him.
The mortgage holders then foreclosed on it.
In time, five of the eight properties foreclosed.
This didn't work, and the mine was foreclosed on.
The next year, the banks foreclosed on the family home.
This doesn't foreclose the possibility of change in the future.
The owner can redeem a foreclosed property in 365 days after the sale.
Consequently, the ability to foreclose affords the creditor some limited value.
Providing defense and indemnity does not foreclose bad faith claims against insurer, says California court.