TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

quick sale value [1 record]

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Record 1 1990-11-07

English

Subject field(s)
  • Property Law (common law)
DEF

Often used by junior mortgage lenders who in event of default on their mortgage or prior liens wish to dispose of their interest rather than becoming owners. This value may be a basis for their lending program.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
DEF

Méthode à laquelle ont souvent recours des prêteurs hypothécaires débutants qui, en cas de défaut du débiteur d'une créance privilégiée antérieure, préfère vendre leurs droits plutôt que de devenir propriétaires de l'immeuble hypothéqué. Cette valeur peut servir de base à l'établissement de leur programme de prêts.

OBS

Fiche terminologique en transactions immobilières fournie par le ministère des Affaires indiennes.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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