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词汇 deficiency-judgment
释义 deficiency judgment
noun[ C ]
US(alsodeficiency judgement)ukus
LAW
a judgment in a court of law that says that someone who has borrowed money must pay back what is still owed, after the property that was the security for the loan has been sold and was worth less than the amount that was borrowed:
Being sued for a deficiency judgment after foreclosure seems to be one of the greatest worries of homeowners in danger of losing their homes.

Examples of deficiency judgment


deficiency judgment
A deficiencyjudgment is a court judgment that is a public record of the amount owed and by whom.
From
Wikipedia

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In other jurisdictions, the borrower remains responsible for any remaining debt, through a deficiencyjudgment.
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Wikipedia

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The availability of a deficiencyjudgment depends on whether the lender has a recourse or nonrecourse loan, which is largely a matter of state law.
From
Wikipedia

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In this case, the court overseeing the foreclosure process may enter a deficiencyjudgment against the mortgagor.
From
Wikipedia

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Lender's ability to pursue deficiencyjudgment may be restricted by state laws.
From
Wikipedia

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Deficiency judgments can be used to place a lien on the borrower's other property that obligates the mortgagor to repay the difference.
From
Wikipedia

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States that follow the title (trust-deed) theory of mortgages typically allow non-judicial foreclosure procedures, which are fast, but do not allow deficiency judgments.
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Wikipedia

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States that follow the lien theory of mortgages require judiciary foreclosure procedures, but allow deficiency judgments against the debtor.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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