foreclose
Take back home
Foreclose is to terminate a borrower's right to a mortgaged property, typically when payments aren't made.
A bank forecloses on a home, then sells it to recover the debt.
More broadly, to foreclose is to prevent or rule out a possibility: His early resignation foreclosed any chance of reform.
The noun is foreclosure.
Creditor seizing collateral
- confiscateSeize by authority
- auctionCompetitive public sale
- impoundSeize by authority
- levyCompulsory government charge
garnish · attach · sequestration · dispossess · forfeit · sheriff · lockout · evict
Preset standard option
- lenderOne who loans money
- borrowerOne who takes temporarily
- repossessionCreditor seizing collateral
- collateralSecurity for debt
delinquency · lien · mortgagor · mortgagee · underwater · arrears · notice · trustee
Drinking establishment
- prohibitFormally disallow
- excludeBar from participation
- blockSolid mass, or impede
- obstructBlock or hinder passage
rule out · shut out · eliminate · prevent · stop · debar · disallow · impede
Preset standard option
- delinquencyCriminal or neglectful behavior
- creditorOne owed money
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
repayment · arrears · loan · interest · borrower · lender · obligation · overdue
Act of ending something
- conclusionEnd or deduction
- irrevocabilityInability to be undone
- permanenceQuality of lasting indefinitely
- definitivenessQuality of being conclusive
conclusiveness · end · settlement · resolution · finalization · completion · decisiveness
repossession
Creditor seizing collateral
- confiscateSeize by authority
- auctionCompetitive public sale
- impoundSeize by authority
levy · garnish · attach · sequestration · dispossess · forfeit · sheriff · lockout · evict · takeover
default
Preset standard option
- lenderOne who loans money
- borrowerOne who takes temporarily
- repossessionCreditor seizing collateral
collateral · delinquency · lien · mortgagor · mortgagee · underwater · arrears · notice · trustee · sale
bar
Drinking establishment
obstruct · rule out · shut out · eliminate · prevent · stop · debar · disallow · impede · avert
default
Preset standard option
- delinquencyCriminal or neglectful behavior
- creditorOne owed money
- bankruptcyLegal status when insolvent
insolvency · repayment · arrears · loan · interest · borrower · lender · obligation · overdue · collection
termination
Act of ending something
- conclusionEnd or deduction
- irrevocabilityInability to be undone
- permanenceQuality of lasting indefinitely
definitiveness · conclusiveness · end · settlement · resolution · finalization · completion · decisiveness
- foreclosure preventionStopping bank repossession
- bank foreclosure
- foreclosure saleAuction of seized property
- foreclosure auctionSale of repossessed property
- foreclosure processLender reclaiming defaulted property
- foreclosure noticeLender's property seizure announcement