deficiency judgment

noun

, Law.

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

Example Sentences

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg