fore‧close /fɔːˈkləʊz $ fɔːrˈkloʊz/ verb [intransitive] technical
[Date: 1200-1300; Language: Old French; Origin: forclos, past participle of forclore, from fors 'outside' + clore 'to close']
if a bank forecloses, it takes away someone’s property because they have failed to pay back the money that they borrowed from the bank to buy it
foreclose on
Building societies may foreclose on a mortgage if payments are not kept up.
—foreclosure /-ˈkləʊʒə $ -ˈkloʊʒər/ noun [uncountable and countable]:
housing foreclosures

[TahlilGaran] Dictionary of Contemporary English ▲