foreclose
Defined in 6 dictionaries — U.S. Code, Bouvier (1914), Black's (1910), Kinney (1893), Black's (1891), Burrill (1850)
United States Code
42 U.S.C. § 9601 — as used in this chapter (6 versions over time)
The terms “foreclosure” and “foreclose” mean, respectively, acquiring, and to acquire, a vessel or facility through—
(I)
(aa) purchase at sale under a judgment or decree, power of sale, or nonjudicial foreclosure sale;
(bb) a deed in lieu of foreclosure, or similar conveyance from a trustee; or
(cc) repossession,
(II) conveyance pursuant to an extension of credit previously contracted, including the termination of a lease agreement; or
(III) any other formal or informal manner by which the person acquires, for subsequent disposition, title to or possession of a vessel or facility in order to protect the security interest of the person.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
To shut out; to bar. Used of the process of destroying an equity of redemption. 1 Washb. R. P. 689; Dan. Ch. Pr. 1204; Coote, Mortg. 611; Lansing v. Goo? let, 9 Cow. (N. Y.) 382.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A Law Dictionary and Glossary
George C. Kinney · 1893
To shut out or tion.
A Dictionary of Law
Henry Campbell Black · 1891
To shut ont; to bar. Used of the process of destroying an equity of redemption existing in a mortgagor.
A New Law Dictionary and Glossary
Alexander M. Burrill · 1850
[from L. Fr. forclorer, T.] To shut out or exclude; to bar. 2 Inst. 298. Stat. 33 Hen. VIII. c. 39.
In equity practice. To bar an equity of redemption. 1 Steph. Com. 284. 1 Daniell's Chanc. Pr. 262.