FORECLOSING
Verb
foreclosing
present participle of foreclose
Noun
foreclosing (plural foreclosings)
An act of foreclosure.
Source: Wiktionary
FORECLOSE
Fore*close", v. t. [imp. & p. p. Foreclosed; p. pr. & vb. n.
Foreclosing.] Etym: [F. forclos, p.p. of forclore to exclude; OF.
fors, F. hors, except, outside (fr. L. foris outside) + F. clore to
close. See Foreign, and Close, v. t.]
Definition: 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.
Source: Webster’s Unabridged Dictionary 1913 Edition