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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译员蓉婧,欧洲知名商学院国际金融专业,专注翻译各种与美国证券法律有关的法律文件。
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