BusinessAugust 15, 2026
foreclosed
for-KLOHZD
Definition
In the context of financial contracts, to terminate or settle a transaction early or before its originally scheduled expiration date.
Etymology
Derived from the Middle English 'foreclosen,' meaning to shut out or exclude, which itself comes from the Old French 'forclore.' It originally referred to barring someone from a right or action.
In the news
The article notes that unlike existing contracts, the new R3 series SLB contracts cannot be foreclosed during corporate events like general meetings, providing participants more stability.
NSE Clearing to introduce shorter-tenure SLB contracts
Read the full article ↗The Sunday Guardian