Forclose

/fɔːrˈkloʊz/ verb

Definition

An archaic spelling or variant of foreclose; to take possession of mortgaged property when payments are not made.

Etymology

From Middle English for- (fore-) + close (from Latin claudere, meaning to shut or close). The 'for-' prefix emphasizes completion of the closing process.

Kelly Says

The misspelling 'forclose' appears in old legal documents alongside 'foreclose,' showing how spelling wasn't standardized—but the meaning was always serious: a lender's legal closing of a mortgaged property.

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