Glossary of Bankruptcy

DEFICIENCY JUDGMENT

deficiency judgment: translation

deficiency judgment
The imposition of personal liability on a debtor for the unpaid balance of a mortgage debt after foreclosure has failed to result in full payment of the debt amount due, or for the unpaid balance due after the repossession and resale of personal property subject to a security interest, if the repossession sale fails to result in full payment of the debt amount due. (Bernstein's Dictionary of Bankruptcy Terminology)

United Glossary of Bankruptcy Terms2012.

deficiency judgment
The imposition of personal liability on a debtor for the unpaid balance of a mortgage debt after foreclosure has failed to result in full payment of the debt amount due, or for the unpaid balance due after the repossession and resale of personal property subject to a security interest, if the repossession sale fails to result in full payment of the debt amount due.

US Bankruptcy2012.


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  3. deficiency judgmentDeficiency Judgment translationA judgment made by a court against a debtor indicating that the sale on a foreclosed piece of property did not cover the outstanding mortga...Investment dictionary
  4. deficiency judgmentрешение суда согласно которому заемщик продолжает оставаться должником в случае нехватки обеспечения для покрытия долга....Англо-русский экономический словарь
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