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Foreclose   Listen
verb
Foreclose  v. t.  (past & past part. foreclosed; pres. part. foreclosing)  To shut up or out; to preclude; to stop; to prevent; to bar; to exclude. "The embargo with Spain foreclosed this trade."
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.






Collaborative International Dictionary of English 0.48








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"Foreclose" Quotes from Famous Books



... enough to do it; B has saved, and A, borrowing his "saving," holds it for a time in his shape of drainage. If he can continue to pay interest and gradually "save" to pay off the capital, he will do so; if not, as in the case supposed, B, the mortgagee, will foreclose and legally enter upon his savings in the shape of "drainage" which he really owned all along. But even if A in this case were rightly accused of over-consumption, this over-consumption must be considered as balanced by the under-consumption ...
— The Evolution of Modern Capitalism - A Study of Machine Production • John Atkinson Hobson

... them; Kjartan was to come on board when ten weeks of summer had passed. Kjartan was seen off with gifts on leaving Burg, and he and Bolli then rode home. When Olaf heard of this arrangement he said he thought Kjartan had made up his mind rather suddenly, but added that he would not foreclose the matter. A little later Kjartan rode to Laugar to tell Gudrun of his proposed journey abroad. Gudrun said, "You have decided this very suddenly, Kjartan," and she let fall sundry words about this, from which Kjartan got to understand that Gudrun was displeased with it. Kjartan said, "Do ...
— Laxdaela Saga - Translated from the Icelandic • Anonymous

... allotments in the centre of the town and on the understanding that it should be built on the mortgaged land, whereas it was erected on a free allotment. Which fact was discovered, greatly to its surprise, by the building society when it came to foreclose on the allotments some years later. While the building was being erected the Bourke people understood, in a vague way, that it was to be a convent (perhaps the building society thought so, too), and when certain ...
— Children of the Bush • Henry Lawson

... to spare ye on account of Phil ye are mightily out. I'll foreclose the moment each falls due, that ...
— Janice Meredith • Paul Leicester Ford

... to sell Pennington my Valley of the Giants. Thank God, that quarter-section does not belong to the Cardigan Redwood Lumber Company. It is my personal property, and it is not mortgaged. Pennington can never foreclose on it—and until he gets it, twenty-five hundred acres of virgin timber on Squaw Creek are valueless—nay, a source of expense to him. Bryce, he has to have it; and he'll pay the price, when ...
— The Valley of the Giants • Peter B. Kyne

... good; but they could not accept Bobby nor the Bulletin as a business proposition. Had they not seen the original fund dwindle and dwindle for two years until now there was nothing left? Wouldn't another fund dwindle likewise? It is no part of a bank's desire to foreclose upon securities. They are quite well satisfied with just the plain interest. Moreover, the Bulletin wasn't such heavy ...
— The Making of Bobby Burnit - Being a Record of the Adventures of a Live American Young Man • George Randolph Chester

... wished that they might. I had now in a dim, determined, stubborn way claimed this girl in my heart for my own; and I felt without really thinking of it, that I could best foreclose my lien by defeating all comers before I dragged her yielding to my cave. It is the way of all male animals—except spiders, perhaps, and bees—and a male animal was all that I was that morning. I picked up my gun and told her that I must ...
— Vandemark's Folly • Herbert Quick

... now that he is not as rich as people imagine, and that he is having some difficulty in carrying on his business. Anyway, when I went to see him about the mortgage, he told me in no gentle way that he must have the money and at once. If not, he said he would foreclose and sell the place. But he has not ...
— The Unknown Wrestler • H. A. (Hiram Alfred) Cody

... application; but it must be admitted that we are a great way behind the South in our power of selecting a nomenclature immeasurably distant in meaning from the thing signified. We speak of a bond instead of a mortgage, and we adjudge where we ought to foreclose. We have no such thing as chattels, either personal or real.[46] If you want to know the English law of book-debts, you will have to look for it under the head of Assumpsit in a treatise on Nisi Prius, while a lawyer of Scotland would unblushingly use the ...
— The Book-Hunter - A New Edition, with a Memoir of the Author • John Hill Burton

... might foreclose, but the property couldn't be Monsieur Lavilette's until it is duly sold under ...
— The Judgment House • Gilbert Parker

... go on for a few more years knitting our business and industrial relations into those of the white man, till a black man gets a mortgage on a white man's house that he can foreclose at will. The white man on whose house the mortgage rests will not try to prevent that negro from voting when he goes to the polls. It is through the dairy farm, the truck garden, the trades, and commercial ...
— The Martin Luther King, Jr. Day, 1995, Memorial Issue • Various

... contained bad news. My parents are dead, but I have an old uncle and aunt living. When I left Burton he was comfortably fixed, with a small farm of his own, and two thousand dollars in bank. Now I hear that he is in trouble. He has lost money, and a knavish neighbor has threatened to foreclose a mortgage on the farm and turn out the old people to die or ...
— Cast Upon the Breakers • Horatio Alger

... and began to walk up and down the room in evident perplexity. "If only," he said, "I had twenty-five thousand, I would take up the mortgages myself and foreclose at my leisure. It would be a good investment at that figure, even as things are, and besides, I should like to have that place. Twenty-five thousand, only twenty-five thousand, and now when I want it I have not got it. And I should have had it if it had not been for that tiger, that ...
— Colonel Quaritch, V.C. - A Tale of Country Life • H. Rider Haggard

... looked troubled. "Yes, you could foreclose, but that wouldn't fix it up. To tell the truth, Mr. Anthony, I don't feel right about it. I haven't kep' up the place as I'd ought; it's been running down for more'n a year. I don't believe it's ...
— The Wizard's Daughter and Other Stories • Margaret Collier Graham

... foreclose the Government's lien upon the Central Pacific Railroad Company, but before action was commenced Congress passed an act, approved July 7, 1898, creating a commission consisting of the Secretary of the Treasury, the Attorney-General, ...
— Compilation of the Messages and Papers of the Presidents • William McKinley

... find some other way of helping them," thought the manager. "If I said they were in hard circumstances the squire might get suspicious and foreclose at once. Then I would have to take my company away, and I couldn't get the rural dramas. No, I'll wait a while. But I would like to ...
— The Moving Picture Girls at Oak Farm - or, Queer Happenings While Taking Rural Plays • Laura Lee Hope

... condition was eventually brought about that roads were controlled by those who had little or nothing invested in the enterprise, and their real owners were deprived of all influence in their management, retaining only the right to foreclose their mortgages when things came to the worst. It is evident that men who have only a speculative interest in property cannot have the same concern for its permanent value and prosperity as those who hold it as a permanent investment. Many of the railroad abuses of the past had ...
— The Railroad Question - A historical and practical treatise on railroads, and - remedies for their abuses • William Larrabee

... You know—we all know—that for years he has been in the habit of raising loans from this monumental cuttle-fish to settle his losses. And you can trust that individual to see that these loans are well secured. John Allandale is reputed very rich, but the doctor assures me that were Lablache to foreclose his mortgages a very, very big slice of your uncle's worldly goods would be taken to meet ...
— The Story of the Foss River Ranch • Ridgwell Cullum

... must raise the money to save the House with the Green Shutters. It was no use trying the bank; he had a letter from the banker in his desk, to tell him that his account was overdrawn. And yet if the interest were not paid at once, the lawyers in Glasgow would foreclose, and the Gourlays would be flung upon the street. His proud soul must eat dirt, if need be, for the sake of ...
— The House with the Green Shutters • George Douglas Brown

... Leavitt's a woman of her word. Soon as she can settle up things at the store, foreclose a few mortgages, and unload a few blocks of stock that can't be carried safe without watchin', it's goin' to be the grand European tour for her and Edwin, and maybe a house in ...
— Shorty McCabe on the Job • Sewell Ford

... office, where I begged harder of him than I ever begged of man before to take what money I had and wait a year longer; but he wants my back pasture to piece on to his own, and says he will foreclose to-morrow," replied the ...
— Ralph Gurney's Oil Speculation • James Otis

... ever really do want a leg, Old Reliable is ready for you; it's yours. I consider that you've got a mortgage on it, and you kin foreclose at any time. I dedicate this leg to you. My will shall mention it; and if you don't need it when I die, I'm going to have it put in the savings' bank to draw interest until you check it out. ...
— Elbow-Room - A Novel Without a Plot • Charles Heber Clark (AKA Max Adeler)

... advanced for your journey. He seemed surprised, but repeated that he must have the whole. The upshot of it was that he gave me a formal notice of three months, as stipulated in the mortgage. At the end of that time, unless I am ready to pay the twenty-two hundred dollars, he will foreclose, and the old farm must be sold. Of course it will be sold much below its real value. Probably the squire will get it for the amount of the mortgage, and we shall be thrown upon the world, without a home. It seems hard, Tom, and very selfish; but ...
— The Young Miner - or Tom Nelson in California • Horatio Alger, Jr.

... for trial were adjourned, and the judges left with a military escort to protect them. This, of course, is gratifying to our feelings; for, thank Providence, there is some good in the world yet. Kilmurry was sold last week for twelve thousand. Andy Blake would foreclose the mortgage, although we offered him every kind of satisfaction. This has done Godfrey a deal of harm; and some pitiful economy—taking only two bottles of claret after his dinner—has driven the gout to his head. They've been telling him he'd lengthen his days by this, and I tried ...
— Charles O'Malley, The Irish Dragoon, Volume 2 (of 2) • Charles Lever

... midnight, Xmas night. Such is the way in which mortgages of this kind are always drawn. Yes, sir, it was drawn with such diabolical skill that on this night of all nights the mortgage would be foreclosed. At midnight the men would come with hammer and nails and foreclose it, ...
— Nonsense Novels • Stephen Leacock

... who give eleven for a dozen, and count thirty-four inches a yard, who are quick to foreclose a mortgage, and who say "business is business," generally are vestrymen, deacons and church trustees. Look about you! Predaceous real estate dealers who set nets for all the unwary, lawyers who lie in wait for their prey, merchant princes who grind their clerks under the ...
— Love, Life & Work • Elbert Hubbard

... situation. "The Cap'n won't be as supple as some in town office, but he ain't no more hell 'n' repeat than what we've been used to for the last twenty years. He's wuth thutty thousand dollars, and Gid Ward can't foreclose no mo'gidge on him nor club him with no bill o' sale. He's the only prominunt man in town that can afford to take the office away from the Colonel. What ye've got to do is to go ahead and elect him, and then trust to the Lord to make ...
— The Skipper and the Skipped - Being the Shore Log of Cap'n Aaron Sproul • Holman Day

... you, doctors of divinity and Catholics, hypocrites! for you shut up the kingdom of heaven against men; you don't go in yourself and you don't let others go in. Woe unto you, doctors of divinity and Presbyterians, hypocrites! for you foreclose mortgages on widows' houses, and for a pretense you make long prayers. For this you will receive the greater damnation! Woe unto you, doctors of divinity and Methodists, hypocrites! for you send missionaries to Africa to make one convert, and when ...
— They Call Me Carpenter • Upton Sinclair

... and, in many cases, in preference to suing them, had taken mortgages on their farms. By this means, instead of merely recovering the money owing to him by the usual process of law, he was enabled, by threatening to foreclose the mortgages, to compel them to sell their farms nearly on his own terms, whenever an opportunity occurred to re-sell them advantageously to new comers. Thus, besides making thirty or forty per cent. on his goods, he often ...
— Roughing it in the Bush • Susanna Moodie



Words linked to "Foreclose" :   blockade, forfend, hinder, obviate, fend off, stymy, block, queer, scotch, frustrate, prevent, debar, deflect, forbid, stymie, stop, stave off, thwart, cross, avoid, bilk, halt, head off, preclude, kibosh, foreclosure, forefend, forestall, save, embarrass



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