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mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
foreclose — fore‧close [fɔːˈkləʊz ǁ fɔːrˈkloʊz] verb 1. [intransitive] BANKING PROPERTY FINANCE if a bank or building society forecloses, it takes possession of someone s property because they have failed to pay back an agreed part of a loan … Financial and business terms
mortgage — n. 1) to give a mortgage 2) to hold; receive; take out a mortgage on 3) to pay off a mortgage 4) to finance; foreclose; refinance a mortgage 5) a chattel; conventional; first; second mortgage * * * [ mɔːgɪdʒ] conventional first foreclose … Combinatory dictionary
foreclose — UK [fɔː(r)ˈkləʊz] / US [fɔrˈkloʊz] verb [intransitive] Word forms foreclose : present tense I/you/we/they foreclose he/she/it forecloses present participle foreclosing past tense foreclosed past participle foreclosed legal to take someone s… … English dictionary
Mortgage Short Sale — The sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the lender. The lender then accepts the less than full repayment of the mortgage … Investment dictionary
foreclose — fore|close [fo:ˈkləuz US fo:rˈklouz] v [I ] technical [Date: 1200 1300; : 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… … Dictionary of contemporary English
Mortgage Forbearance Agreement — An agreement made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal right to foreclose on a mortgage and the borrower agrees to a mortgage plan that will, over a certain time period, bring the… … Investment dictionary
foreclose — fore|close [ fɔr klouz ] verb intransitive LEGAL to take someone s property because they failed to pay back the money they borrowed to buy it: The bank was threatening to foreclose on his mortgage. ╾ fore|clo|sure noun count or uncount … Usage of the words and phrases in modern English
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
foreclose — fore·close /fōr klōz/ vb [Anglo French forclos, past participle of foreclore to preclude, prevent, from fors outside + clore to close] vt: to subject to foreclosure proceedings vi: to foreclose a mortgage or other security interest compare… … Law dictionary
Foreclose — Fore*close , v. t. [imp. & p. p. {Foreclosed}; p. pr. & vb. n. {Foreclosing}.] [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.] To shut up … The Collaborative International Dictionary of English