foreclose

verb3

1. •
   To repossess a mortgaged property whose owner has failed to make the necessary payments; used with on.

   • They have to move out of their house because the bank foreclosed on their mortgage.
2. •
   To cut off (a mortgager) by a judgment of court from the power of redeeming the mortgaged premises.
3. •
   To shut up or out; to prevent from doing something.

   • The embargo with Spain foreclosed this trade. — 1609