Public Auction Sale
Learn about the definition for this legal term.
What is Public Auction Sale?
A sale at an auction of collateral that is defaulted on and which has been advertised to the public as being offered for auction sale.
Further Reading
For more detailed information, see our related Security Transactions And Mortgages 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).