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deficiency judgment

/dɪˈfɪʃənsi ˈdʒʌdʒmənt/
Main Example

The bank received a deficiency judgment after the house was sold.

Example context
Grammatical Info:
Noun (n.)

A court order stating that a borrower owes money after a property sale does not cover the loan amount.

Other Example
Synonyms
Synonyms

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