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deficiency judgment
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deficiency judgment
noun
Law
.
a judgment in favor of a creditor who has not satisfied the full amount of a claim against a debtor.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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"If a man is a good lawyer, a good physician, a good engineer ... he may be a fool in every other capacity. But no deficiency or mistake of judgment is forgiven to a woman ... and should she fail anywhere, if she has any scientific attainment, or artistic faculty, instead of standing her interest as an excuse, it is censured as an aggravation and offence."
-E.P. P.
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