fair value law

fair-value law. A statute allowing a credit against a deficiency for the amount that the fair market value of land exceeds the price at foreclosure. — Also termed fair-value legislation. [Cases: Mortgages 559(7), 561.

7. C.J.S. Mortgages §§ 938, 943, 956.]

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词条贡献者

资深译员Fang，毕业于美国一流的高级翻译学院，专注翻译各种与主权及机构投资有关的法律文件。