Distress

Definition

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

Synonyms
stress, desolation, upset, bleakness

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.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage