Giải nghĩa:
To take back property because the money owed for the property has not been paid
Ví dụ:
After they missed their mortgage payments for six months, the bank began the process to foreclose the house.
foreclose (verb)
/fɔːrˈkləʊz/
Giải nghĩa:
To prevent something from happening or someone from doing something
Ví dụ:
His lack of qualification foreclosed the possibility of a promotion.
Cách sử dụng
Foreclose is a legal term that refers to the process by which a lender takes possession of a property from a borrower who has failed to make their mortgage payments. If a borrower cannot make their mortgage payments, the lender can go through a legal process to take control of the property and sell it to recover their money. Foreclosure can happen when someone has a mortgage from a bank or other lender, and they are not able to keep up with the payments. It is important to know about foreclosure if you are a homeowner or planning to buy a home with a mortgage.
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