deficiency suit

deficiency suit. An action to recover the difference between a mortgage debt and the amount realized on foreclosure. See deficiency judgment under JUDGMENT. [Cases: Mortgages 561. C.J.S. Mortgages § 949.]

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词条贡献者

双语律师Wayne，国际知名法学院法律专业，擅长翻译各类与遗产及遗嘱争议相关的法律文件。