Deficiency Judgment - Law Dictionary Search Results
deficiency judgment
Matched in: Term deficiency judgment
Deficiency
Matched in: Term Deficiency
judgment
Matched in: Term judgment
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Deficient
Wanting to make up completeness wanting as regards a requirement not sufficient inadequate defective imperfect incomplete lacking as deficient parts deficient estate deficient strength deficient in judgment
strict foreclosure
as discharge of an obligation which under the Uniform Commercial Code denies the creditor the right to a deficiency judgment NOTE: Under the U.C.C.'s strict foreclosure provision, notice must be given to other parties having a security interest
foreclosure
a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory foreclosure, strict foreclosure 2 : the extinguishment (as under the provisions
Absolute-bar rule
when a creditor sells collateral without giving reasonable notice to the debtor, the creditor may not obtain a deficiency judgment for any amount of the debt that is not satisfied by the sale, Black Law Dictionary, 7th Edn.,
Magna Carta
or exiled, or any otherwise destroyed; nor will we pas upon him, nor condemn him, but by lawful judgment of his peers, or by the law of the land. To no man will we sell, to no … which are for the most part declaratory of our ancient and cherished customs, supplying, however, many of the deficiencies of the Common Law. 'Codes are not made; they make themselves,' said Pourtales, and this is true also
Receiver
ss. 86, 308-310. In the administration of estates, under the Lunacy Acts, 1890, 1891 and 1908, the Mental Deficiency Act, 1913, and the Mental Treatment Act, 1930, it is usual to appoint a receiver of the income … receiver may also be appointed by way of 'equitable execution' where the property of a litigant against whom judgment has been obtained cannot be made available by fi. fa., elegit, or other ordinary process of execution; as
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