TERMIUM Plus®

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FORECLOSURE PROCEEDING [3 records]

Record 1 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
OBS

foreclosure : A legal proceeding to terminate a mortgagor's interest in property, instituted by the lender(the mortgagee) either to gain title or to force a sale in order to satisfy the unpaid debt secured by the property.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

action en forclusion : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
DEF

A foreclosure proceeding in which the Mortgagee has the right to possess the mortgaged property directly upon default on the mortgage agreement.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

forclusion pure et simple : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 2

Record 3 2003-06-18

English

Subject field(s)
  • Decisions (Practice and Procedural Law)
DEF

A court ruling in a foreclosure proceeding in favor of a lender, given when the security pledge for a loan does not satisfy the debt upon his default, which permits the lender to attach all the borrower's, endorser's, or grantor's assets to pay the difference between the amount owed and the proceeds from the sale of the mortgaged property.

French

Domaine(s)
  • Décisions (Droit judiciaire)
DEF

Jugement condamnant le débiteur hypothécaire ou gagiste, à acquitter la différence entre le montant de sa dette et le produit du bien réalisé.

Spanish

Campo(s) temático(s)
  • Decisiones (Derecho procesal)
Save record 3

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