deficiency judgment

noun

, Law.

a judgment in favor of a creditor who has not satisfied the full amount of a claim against a debtor.

"I have a deficiency judgment against the Rancho Palomar," he explained.

The Deficiency Judgment and renewal of the same gives opportunity for greedy and unprincipled creditors to rob the debtor.

In that event the mortgagee will be entitled to a deficiency judgment against the mortgagor.

Why, no, mother; didn't I explain to you there'd be a deficiency judgment?

"There would be a deficiency judgment, then," said the millionaire.

April 19, 2024tortuous

[tawr-choo-uhs ]

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