| 单词 | deficiency judgment |
| 释义 | deficiency judgment noun[C] US(alsodeficiency judgement)ukusLAW ajudgmentin acourtoflawthat says that someone who hasborrowedmoneymustpayback what is stillowed, after thepropertythat was thesecurityfor theloanhas beensoldand wasworthless than theamountthat wasborrowed: Beingsuedfor adeficiencyjudgmentafterforeclosureseemsto be one of thegreatestworriesofhomeownersindangeroflosingtheirhomes. Examplesofdeficiency judgmentdeficiency judgment Adeficiencyjudgmentis 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 adeficiencyjudgment. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.The availability of adeficiencyjudgmentdepends 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 adeficiencyjudgmentagainst the mortgagor. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Lender's ability to pursuedeficiencyjudgmentmay 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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