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Kelly，美国顶尖商学院国际经济法专业，擅长翻译各种与投资基金与基金顾问诉讼相关的法律文件。