deficiency judgmen

English - English

Definition of deficiency judgmen in English English dictionary

A deficiency judgment (also spelled deficiency judgment) is a judgment lien against a debtor, defendant or borrower whose foreclosure sale did not produce sufficient funds to pay the mortgage in full. This option may or may not be available to the lender, depending on whether they have made a recourse or nonrecourse loan

Hyphenation

de·fi·cien·cy judgmen