foreclose
//fɔːrˈkloʊz//
Verb
forecloseInfinitive
foreclosePresent tense
foreclosedPast tense
foreclosedPast participle
foreclosingPresent participle
foreclosesThird-person singular
1
To take possession of a mortgaged property when the borrower fails to make payments.
The bank foreclosed on their house after they missed several mortgage payments.
2
To prevent or exclude something from happening; to rule out a possibility.
We should not foreclose any options at this stage.