foreclosure sale

The sale of mortgaged property, authorized by a court decree or a power-of-sale clause, to satisfy the debt. See FORECLOSURE. [Cases: Mortgages 360, 514. C.J.S. Mortgages §§ 626–628, 630, 855.]

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词条贡献者

译者Jessie，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与能源、自然资源与利用相关的法律文件。