What is Deficiency judgment?
Where an execution sale or sheriff's sale of the defendant's property does bring enough to pay the judgment or lien in full, the law may provide for the plaintiff to enter a deficiency judgment that will allow for collection of the remaining balance at a later date. Such remedies are highly dependent on the statutory law in that jurisdiction.
Further Reading
For more detailed information, see our related Civil Procedure terms:
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).