deficiency judgment

noun Law.
a judgment in favor of a creditor who has not satisfied the full amount of a claim against a debtor. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Search for articles containing deficiency judgment Word FAQs presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
If your property is worth less than the total amount you owe on your mortgage loan, the lender could pursue a deficiency judgment.
If you owe more than your property is worth, a deficiency judgment is pursued.
Foreclosure or a deficiency judgment could seriously affect your ability to qualify for credit in the future.
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