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

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