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From: Webster's Revised Unabridged Dictionary (1913)

 Fore·close v. t. [imp. & p. p. Foreclosed p. pr. & vb. n. Foreclosing ]  To shut up or out; to preclude; to stop; to prevent; to bar; to exclude.
    The embargo with Spain foreclosed this trade.   --Carew.
 To foreclose a mortgager Law, to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption.
 To foreclose a mortgage, (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt.