English version

deficiency judgment

From Longman Business Dictionary
Related topics: Law
deficiency judgmentdeˈficiency ˌjudgement British English, deficiency judgment American English noun [countable] LAW a decision by a court that a borrower still owes money after the SECURITY for a loan is sold for less than the amount owed
Related topics: Law
deficiency judgmentdeˈficiency ˌjudgment [countable] LAWa decision by a court that a borrower still owes money after the SECURITY for a loan is sold for less than the amount owed judgment
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.
Word of the day atypical not typical or usual