| 词汇 | deficiency-judgment |
| 语种 | 英语、汉语、英汉翻译、汉英翻译 |
| 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 judgmentdeficiency judgment A deficiencyjudgment is a court judgment that is a public record of the amount owed and by whom. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In other jurisdictions, the borrower remains responsible for any remaining debt, through a deficiencyjudgment. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. 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 This example is from Wikipedia and may be reused under a CC BY-SA license. In this case, the court overseeing the foreclosure process may enter a deficiencyjudgment against the mortgagor. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Lender's ability to pursue deficiencyjudgment may be restricted by state laws. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. 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 This example is from Wikipedia and may be reused under a CC BY-SA license. 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. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. 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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