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

译者Celia，毕业于新加坡知名法学院，擅长翻译涉及信息和智能技术领域的法律文件。