• The right of a party to sell the real or personal property of another party to pay for arrears in rent or loan payments.

upset, stress, bleakness, desolation

Related Terms and Acronyms

  • Asset Case Definition,
    • A bankruptcy proceeding where there are non-exempt assets that might be accessible to pay creditor's claims.
  • Creditor Definition,
    • One who is owed money.
  • Title Defect Definition,
    • A legal claim by others to property, or the right to make demands upon an owner.
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