Deficiency Judgment

 

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Deficiency Judgment

Commonly the amount for which the borrower is personally liable on a note and mortgage if the foreclosure sale does not bring enough to cover the debt. Actually the judgment is for the total amount and not for the deficiency, the recovery from the foreclosure sale being deducted from this amount.



Deficiency Judgment

Similar Matches

Deficiency Payment

Deficiency Payment

Payment to a producer of an amount equal to the difference between a guaranteed price and the market price, with the latter often determined on the world market. A form of subsidy to production.


Cash deficiency agreement

Cash deficiency agreement

An agreement to invest cash in a project to the extent required to cover any cash deficiency the project may experience.


Deficiency letter

Deficiency letter

Notification from the SEC to a prospective SEC of SEC that revisions or additions need to be made to the preliminary prospectus.




 
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