power(-)of(-)sale clause
power(-)of(-)sale clause 出卖权条款 １抵押合同或信托契据中的一项条款，允许抵押权人或受托人在未受偿付时自行出卖抵押物，而无需诉诸法院；２授权受托人依信托设立人意愿出售信托财产、将所得收益再投资或作其他处分的信托条款。 (→power of sale)
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POWER-OF-SALE CLAUSE
power of sale clause
power-of-sale clause. A provision in a mortgage or deed of trust permitting the mortgagee or trustee to sell the property without court authority if the payments are not made. [Cases: Mortgages 21. C.J.S. Mortgages § 4.]
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