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
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